RNS Number : 9236D
  Bramlin Limited
  22 September 2008
   



    Bramlin Limited
    ("Bramlin" or the "Company")
    $5 million Loan Facility


    The Board of Bramlin (AIM: BML) is pleased to announce that it has entered into an agreement for a US$5 million loan facility
("Facility") to be provided by Victoria Oil & Gas Plc (AIM: VOG). The funds provided under the Facility will mainly be used for financing of
the Logbaba Natural Gas and Condensate Project in Cameroon, West Africa, with the balance for general working capital purposes.

    Interest is charged on the Facility at a rate of 1.5 per cent. per month, and is payable on repayment of the Facility. The Facility must
be repaid by 30 June 2009 and is secured by a fixed and floating charge over the Company's assets and a first fixed legal charge over the
entire issued share capital of Rodeo Development Limited, a wholly owned subsidiary of the Company. 


    Enquiries:
    Bramlin Limited
    Jim Ford/Alan Thomas
    Tel: +1 713 523 6336/ +44 (0)20 7960 9629

    Strand Partners Limited
    Simon Raggett /Angela Peace
    Tel: +44 (0) 20 7409 3494

    Conduit PR 
    Jonathan Charles/Ed Portman
    Tel: +44 (0) 20 7429 6611
    M: +44 (0) 7791 892509


This information is provided by RNS
The company news service from the London Stock Exchange
 
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