Sunkar Resources PLC UPDATE RE NEW CONVERTIBLE LOAN FACILITY (6769E)
April 11 2014 - 9:14AM
UK Regulatory
TIDMSKR
RNS Number : 6769E
Sunkar Resources PLC
11 April 2014
11 April 2014
RNS
SUNKAR RESOURCES PLC
("Sunkar" or the "Company")
UPDATE RE NEW CONVERTIBLE LOAN FACILITY
Receipt of Funds
Sunkar (AIM: SKR) announces that, further to the announcement
released on 7 April 2014, the Company yesterday received USD 1.28
million from Sun Avenue Partners Corporation SAPC ("SAPC"),
following the issue of 1,280,000 Convertible Loan Notes of USD 1
each to SAPC.
Following the receipt of funds from SAPC in London, Temir
Service LLP ("Temir") has now made a total payment of USD 187,144
to ACB, returning the ACB Loan to good order and thereby removing
the threat of default.
For further information, please contact:
Sunkar Resources plc
Teck Soon Kong, Chairman Tel: +44 20 7397 3730
Serikjan Utegen, CEO
Strand Hanson Limited
Stuart Faulkner Tel: +44 20 7409 3494
Andrew Emmott
James Dance
Bankside Consultants
Simon Rothschild Tel: +44 7703 167065
or visit: www.sunkarresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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