Jan 6 (Reuters) - Anglo African Oil & Gas PLC AAOG.L :
* UPDATE ON FINANCING AND RESIGNATION OF DIRECTOR
* TERM SHEET FOR PROVISION BY RIVERFORT OF LOAN NOTE, INITIAL TRANCHE OF £250,000 TO BE AVAILABLE ON CONCLUSION OF GM
* FURTHER TRANCHES OF £50,000 AVAILABLE TO BE DRAWN DOWN THEREAFTER EVERY MONTH BY MUTUAL AGREEMENT BETWEEN RIVERFORT, CO
* AGREEMENT WITH ZENITH WHO WILL ADVANCE LOAN OF £250,000, ESSENTIALLY ADVANCE ON CONSIDERATION DUE PURSUANT TO DISPOSAL
* DO NOT INTEND TO DEFER TERMS OF GM SINCE TO DO SO WOULD LIKELY BREACH TERMS OF SPA, PUT CO AT RISK OF CLAIM FROM ZENITH
* BRIAN MORITZ HAS RESIGNED AS A NON-EXECUTIVE DIRECTOR OF AAOG WITH IMMEDIATE EFFECT