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Loan to Signature Gold

5 Jul 2017 10:30

RNS Number : 1809K
Stratmin Global Resources PLC
05 July 2017
 

05 July 2017

 

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

 

StratMin Global Resources Plc

("StratMin" or the "Company")

 

Loan to Signature Gold

 

The Company has agreed to make a loan to Signature Gold Limited ("Signature") to facilitate its ongoing exploration activities and provide general working capital (the "Loan"). As detailed in the announcement of 2 February 2017 and subsequent updates, the boards of StratMin and Signature have agreed for StratMin to undertake a reverse takeover of Signature and that process is ongoing.

 

The terms of the Loan are:

 

· Amount - A$500,000

· Interest Rate - 3% fixed

· Maturity - 1 year, bullet repayment

· Security - None

 

Brett Boynton recused himself from the board discussion over the Loan as he is also a director of Signature.

 

For further information please visit www.stratminglobal.com or contact:

 

StratMin Global Resources Plc

Brett Boynton, CEO

+44 (0) 20 3691 6160

Allenby Capital Limited (Nominated Adviser & Broker)

John Depasquale / Nick Harriss / Richard Short

+44 (0) 20 3328 5656

VSA Capital Limited (Financial Adviser & Broker)

Andrew Raca

+44 (0) 20 3005 5000

Optiva Securities (Broker)

Christian Dennis

+44 (0) 20 3137 1903

Yellow Jersey PR

Felicity Winkles

Joe Burgess

+44 (0) 776 932 5254

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUVAKRBAABRRR
Date   Source Headline
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15th Dec 200511:50 amRNSSecondary Placing
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22nd Nov 20057:01 amRNSTrading Statement
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