Harvest Natural Resources Announces $32.2 Million in Funding and Strategic Partnership to Maximize Long-Term Value of Venezuelan Operations
Harvest Natural Resources, Inc. (HNR) (Harvest or the Company) today announced that CT Energy Holding SRL, a Venezuelan-Italian consortium, has agreed to purchase from Harvest senior secured notes, convertible notes and warrants. Harvest will immediately receive proceeds of $32.2 million from the sale of the senior secured notes and convertible notes. Harvest could realize up to $42.5 million in additional proceeds