Tri-Star Resources Plc - Repayment of Loan Notes
July 18 2018 - 2:00AM
PR Newswire (US)
Certain
information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU)
No. 596/2014 until the release of this announcement
18 July 2018
Tri-Star Resources
plc ("Tri-Star" or the "Company")
Repayment of Loan
Notes
Tri-Star announces that, following the raising of £13m through a
placing of new shares as announced on 25
June 2018, it has made an early repayment of $2.6m of secured loan notes held by funds under
the discretionary management of Odey Asset Management LLP “Loan
Notes”. The outstanding balance of the Loan Notes has now been
reduced to $1.3m. The remainder of
the Loan Notes are due to mature on the 30
June 2019 but may be repaid earlier at the Company’s
option.
Enquiries:
Tri-Star Resources plc |
Tel: +44 (0)20 7653 6291 |
Karen O’Mahony, Acting Chief
Executive Officer |
Email:
ceo@tri-starresources.com |
SP Angel Corporate Finance (Nomad
and broker) |
Tel: +44 (0) 20 3470 0470 |
Robert Wooldridge / Jeff
Keating |
|
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