Knox Energy Solutions AS - Convertible loan agreement has been signed

(Oslo, 12 August 2024) Knox Energy Solutions AS (Knox, OSE: KNOX) refers to the release to the stock exchange on 17 July, 2024, regarding a term sheet for a convertible loan of USD 0.5 million with an international investor.

The final loan agreement was signed on 12 August, 2024. 

The term of the loan is three years, the interest rate is 15% p.a. and the strike price is NOK 24.2 per share.

For further information, please contact:  

Geir Aune, Chairman, ga@knox-energy.com  

Harald B. Hansen, CEO, hh@knox-energy.com   

About Knox | knox-energy.com 

Knox Energy Solutions AS is an international energy company, with a holding in Rapid Oil Production Ltd. (Rapid), a UK-based oil and gas company backed by a highly experienced board and management team. Knox Energy Solutions AS is listed on Euronext Growth under the ticker KNOX.