Independent Resources PLC Update re Loan Facility and Loan Note Settlement (4003L)
September 30 2016 - 10:57AM
UK Regulatory
TIDMIRG
RNS Number : 4003L
Independent Resources PLC
30 September 2016
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
GBP160,000 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:
Independent Resources
Greg Coleman 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
This information is provided by RNS
The company news service from the London Stock Exchange
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