The Board of InfraStrata plc announced that it has signed a secured loan facility agreement with Baron Oil plc. Terms of the Loan Agreement: Under the terms of the Loan Agreement, Baron will provide a loan facility of up to £300,000 to InfraStrata, which will be applied towards InfraStrata's working capital requirements. The Board believes that these funds are sufficient, with existing funds, to meet InfraStrata's minimum levels of corporate costs and care and maintenance costs on the Islandmagee gas storage project to the end of 2017. The progression of the Front-End Engineering Design for the Project, as announced on 4 November 2016, will require the securing of additional funding. The Loan is for a term of 12 months from the date of the Loan Agreement. Baron is entitled, acting in its sole discretion, to extend the term of the Loan Agreement by an additional 12 months. The Loan will convert to an on-demand facility, repayable at any time following Baron's demand, with effect from 30 April 2017 in the event that £3.0 million of further funding, the amount required to complete the funding for the FEED, has not been received by the Company on or prior to that date. In the event that the Loan does not convert to an on-demand facility, it is repayable by way of a single, bullet repayment on the date falling 12 months from the date of the Loan Agreement or 24 months from the date of the Loan Agreement if Baron exercises its discretion to extend the term of the Loan Agreement, as described above. The Company benefits from a right to prepay the Loan, in full, at any time by giving Baron not less than 10 business days' notice (which notice period may be shortened with the agreement of Baron). The Loan is subject to an interest rate of 6% of the funds drawn down, which is payable monthly in advance (rising to 9% in a payment default situation). The Loan is available to be utilised by the Company during the period from (and including) the date of the Loan Agreement to (and including) 31 December 2017.