BRIEF-Harvest Natural Resources says will sell Venezuelan assets

jueves 30 de junio de 2016 06:51 GYT
 

June 30 (Reuters) - Harvest Natural Resources Inc

* Harvest Natural Resources announces agreement to sell interests in Venezuela

* CT Energy will acquire HNR Energia's 51% interest in Harvest-Vinccler Dutch Holding B.V.

* At closing of deal, Harvest will repay all remaining outstanding debt held by CT Energy in excess of $30 million cancelled at closing

* Going forward, Harvest's primary asset would be its oil and gas interests in Gabon and cash

* Availability of financing is not a condition to transaction

* CT Energy or affiliate will deliver to co $80 million cash, $12 million 6-month 11% note payable by CT Energy or such affiliate

* Expects to issue additional debt to CT Energy of $2 million a month between now and closing

* After giving effect to transaction, harvest would cease to have a presence in Venezuela

* Harvest will also continue to seek opportunities to sell its Gabon assets Source text for Eikon: Further company coverage: