Sunda Energy to Issue Shares to Alumni Capital Under Convertible Loan Note Offer

Sunda Energy (SNDA.L) will issue a total of 11,763,447 new ordinary shares to Alumni Capital, which took part in the company's convertible loan note, or CLN, subscription offer announced on April 8.

Alumni Capital seeks to convert 100,000 pounds sterling of outstanding drawn-down principal under the loan notes, plus 10,000 pounds in finance charges, at a conversion price of 0.009351 pound each, according to a Friday release.

The gas-focused company also granted 6,786,604 CLN warrants to Alumni Capital, with each warrant carrying the right to subscribe for one Sunda Energy share at 0.0121563 pound.

Market Chatter: UK's Burnham Said He Plans North Sea Drilling, Thames Water Nationalization

Incoming UK Prime Minister Andy Burnham is preparing to announce support for new North Sea oil and gas drilling and plans to bring Thames Water under public control shortly after taking office, Bloomberg reported Thursday, citing people familiar with the matter.Burnham, who is due to succeed Keir Starmer on Monday, has asked civil servants to prepare energy and water policy proposals that could be announced as early as next week, according to the report.Options under consideration include backing development of the Jackdaw gas and Rosebank oil fields and expanding drilling tied to existing North Sea projects.Government officials expect Burnham ultimately to support at least the Jackdaw project, though formal approval may be delayed while public consultations continue, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

US to Impose 25% Section 301 Tariff on Certain Brazilian Imports

The Office of the US Trade Representative said late Wednesday it will impose a 25% tariff on certain imports from Brazil following the conclusion of a Section 301 investigation that found Brazil's trade practices unreasonable and restrictive to U.S. commerce.The action targets issues including digital trade, electronic payment services, preferential tariff treatment, intellectual property protection, ethanol market access, anti-corruption enforcement and illegal deforestation.The tariff will apply to most Brazilian imports, though products including beef, orange juice, aircraft and aircraft parts, and energy products are excluded.

Sunda Energy to Issue Shares to Alumni Capital Under Convertible Loan Note Offer

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The Office of the US Trade Representative said late Wednesday it will impose a 25% tariff on certain imports from Brazil following the conclusion of a Section 301 investigation that found Brazil's trade practices unreasonable and restrictive to U.S. commerce.The action targets issues including digital trade, electronic payment services, preferential tariff treatment, intellectual property protection, ethanol market access, anti-corruption enforcement and illegal deforestation.The tariff will apply to most Brazilian imports, though products including beef, orange juice, aircraft and aircraft parts, and energy products are excluded.

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