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30 Sep 2016 15:57
Independent Resources plc
("Independent Resources" or the "Company")
Update re Loan Facility and Loan Note Settlement
Further to the announcement on 29 September 2016, Independent Resources (AIM: IRG) is pleased to confirm it has received £160,000 cash as per the loan agreement with Brandon Hill Capital.
The Company is also pleased to announce that having reached an agreement with TransGlobe Petroleum International Inc. ("TransGlobe") concerning the early repayment of the US$2.5 million loan note, as outlined in the announcement on 28 September 2016, it has paid US$100,000 to TransGlobe for full and final settlement.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For more information, please visit www.ir-plc.com or contact:
Greg Coleman | Independent Resources plc | 020 3367 1134 |
Adam James | Panmure Gordon (UK) Limited | 020 7886 2500 |
(Nominated Adviser & Joint Broker) | ||
Oliver Stansfield | Brandon Hill Capital | 020 3463 5000 |
Jonathan Evans | (Joint Broker) | |
Simon Hudson | Tavistock Communications | 020 7920 3150 |
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