i3 Energy Plc (GB:I3E) has released an update.
i3 Energy Plc has announced the successful sale of selected royalty assets for USD 24.81 million, a move that eliminates the company’s bank debt and bolsters its working capital, significantly strengthening its financial position. This strategic sale allows i3 to maintain its key royalty interests and supports its future growth and income strategies without impacting its main production base.
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