9 Jan 2017 17:03
9 January 2017
United Cacao Limited SEZC
("United Cacao" or the "Company")
Funding Update - Clarification
United Cacao wishes to provide a clarification update with respect to the announcement it released on 6 January 2017 titled "Funding Update". The reference to "additional 7.00 per cent, convertible bonds" referred to bonds to be issued pursuant to the Company's existing $10,000,000 7% June 2019 Secured Convertible Bond facility (the "Secured Bonds") details of which can be found at:
http://www.unitedcacao.com/index.php/en/investor-relations-en/financial-and-corporate-documents/227-us-10-000-000-convertible-bond-issuance
This further issuance of Secured Bonds means that the Company has now issued $6,330,000 nominal value bonds out the total $10,000,000 facility.
The company continues to actively pursue a solution to its financial situation and will provide updates as to developments.
For more information please visit www.unitedcacao.com or contact:
United Cacao Limited SEZC | +1 345 815 2710 |
Constantine Gonticas | |
Beaufort Securities (Joint Broker) | +44 (0) 20 7382 8300 |
Jon Belliss / Elliot Hance | |
Kallpa Securities SAB (Joint Broker) | +51 1 630 7500 |
Ricardo Carrion | |
Tavistock (PR Adviser) | +44 (0) 20 7920 3150 |
Niall Walsh / Jos Simson |