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Peninsula Energy Executes Definitive Agreement for $30 Million Debt Facility With Soul Patts Affiliate

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Peninsula Energy (ASX:PEN) executed a definitive investor facility agreement with SP Financing, an affiliate of Soul Patts (ASX:SOL), giving effect to the terms of its previously announced $30 million senior secured convertible note debt facility, according to a Wednesday Australian bourse filing.

The company said the terms of the facility agreement are materially consistent with those previously announced and detailed in its prospectus and notice of meeting, with drawdown of the $30 million remaining subject to customary conditions precedent being satisfied before July 31, the filing added.

Peninsula Energy's shares fell past 1% in recent Wednesday trade, while Soul Patts' shares added about 1%.

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