S7 Ep20: Midweek Takeaway featuring Pieter Krugel, CEO of Mast Energy Developments (LSE:MAST) #MAST

The Sunday Roast

Phil Carroll and Kevin Hornsby to talk Peter after the company announced they have entered into a strategic funding partnership with RiverFort Global Opportunities PCC Limited, securing an initial facility of up to £4 million to develop and construct a 300MegaWatt portfolio of flexible power assets. This funding will support MED's existing 30MegaWatt asset portfolio and future acquisitions. The agreement includes an initial advance of £450,000 for site development and general working capital, with further advances on similar terms. Additionally, MED successfully pre-qualified and bid for new Capacity Market contracts, significantly boosting income with the recent auction results. Meanwhile, MED has terminated its Joint Venture Agreement (JVA) with Proventure due to unremedied breaches, pursuing legal recourse against Proventure and its directors for default payments and considering actions against Seira Capital. The arrangement fee with Mr. Ajay Saldanha related to the JV transaction has been canceled.
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