Greka Drilling Ltd has secured a US$2.5m loan through a related party transaction
June 2017 — Greka Drilling Ltd has had a fairness opinion conducted and has secured a US$2.5 million loan through a related party transaction.
Greka Drilling is an independent and specialized unconventional oil and gas driller in Asia, listed on the AIM Market of the London Stock Exchange (LSE: GDL). The company is registered in the Cayman Islands, with main operations in the People’s Republic of China and India.
Our role in the transaction
Oaklins Smith & Williamson, based in the UK, acted as Nominated Advisor (Nomad) to Greka Drilling Ltd. in this transaction and on an ongoing basis.
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