16 Jan 2019
ASX ANNOUNCEMENT
FINANCE FACILITY UPDATE
Terramin Australia Limited (ASX: TZN) (Terramin or the Company) is pleased to announce that its subsidiary, Terramin Exploration Pty Ltd has entered into an agreement with major shareholder Asipac Group Pty Ltd (Asipac) to restructure its Standby Term Facility. The existing unsecured facility has been increased from $6.25 million to $8.25 million on similar terms and will be secured in accordance with the terms of the existing facility. As a long standing supporter of Terramin, Asipac has agreed to increase its total debt facility to $19.25 million (of which $17.25 million has been drawn to date) and enables the Company to execute its corporate strategy while the Company reviews its long term financing.
For further information, please contact:
Unit 7 202-208 Glen Osmond Road Fullarton SA 5064 T +61 8 8213 1415 F +61 8 8213 1416info@terramin.com.au terramin.com.au
Investor Relations | Financial Advisers | Media Enquiries |
Richard Taylor | Michel Mamet | Mike O'Reilly |
Chief Executive Officer | Managing Director | Media and Government Consulting |
Terramin Australia Limited | Flagstaff Partners | O'Reilly Consulting |
+61 8 8213 1415 | +61 3 9664 4555 | +61 414 882 505 |
info@terramin.com.au | ||
Terramin Australia Ltd ACN 062 576 238 |
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Terramin Australia Limited published this content on 16 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 January 2019 11:43:04 UTC