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StratMin Global Secures AUD200,000 Loan Facility For Subsidiary
LONDON (Alliance News) - StratMin Global Resources PLC said Monday it has agreed an unsecured loan facility of up to AUD200,000 for its 93.5% owned subsidiary Graphmedia Mauritius to provide it with short term working capital.
The facility has been agreed with Consolidated Resources Pte Ltd. GBP24,212 has been drawn down under the facility as of Monday, the company said.
As Consolidated Resources has an 11.10% interest in Stratmin, and is represented on its board by Non-Executive David Premraj, this is considered a 'related party' transaction under AIM rules.
Shares in Stratmin were trading flat at 2.62 pence Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest STGR News
- StratMin Global Buys Australia's Signature Gold In Reverse Takeover (ALLISS)
2 Feb 2017 - StratMin receives first settlement payment from Bass Metals
22 Dec 2016 - StratMin Global Receives First Payment From Bass Metals
22 Dec 2016 - StratMin Agrees Early Settlement With Bass Metals To Shore Up Funds
15 Dec 2016 - StratMin looks into gold investments
30 Nov 2016 - Stratmin Global Exploring Reverse Takeover Opportunities
30 Nov 2016 - StratMin Global secures $1.5m loan against shares in Bass Metals
28 Sep 2016 - StratMin notes deal with Bass Metals over Graphmada
2 Sep 2016
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