Further advance to Ferrum Resources Limited (5212N)
September 02 2011 - 4:13AM
UK Regulatory
TIDMEML
RNS Number : 5212N
Emerging Metals Limited
02 September 2011
For Immediate Release: 2 September 2011
Emerging Metals Limited
("EML" or the "Company")
Further advance to Ferrum Resources Limited ("Ferrum")
Further to the announcement made on 24 August 2011, the Company
is pleased to announce a further $400,000 loan advance to Ferrum,
its 37.23 per cent associate company, to meet its immediate cash
requirements to fund its on-going exploration programme in Sierra
Leone. The Company continues to explore options to fund the balance
of Ferrum's short term cash requirements and a further announcement
in this regard will be made in due course.
The loan is secured against assets of Ferrum and is (unless
agreed otherwise in writing by the parties) repayable together with
interest (charged at a rate of 10 per cent. per annum) on 10
January 2012.
-Ends-
For further information
Emerging Metals Religare Capital Evolution GTH
Limited Markets (UK) Securities Communications
Limited Limited
Denham Eke Peter Romil Patel Toby Hall
Trevelyan-Clark Tim Redfern Christian Pickel
Emily Staples
+44 (0)1624 +44 (0)20 7444 +44 (0)20 7071 +44 (0) 20 3103
639396 0800 4300 3902
This information is provided by RNS
The company news service from the London Stock Exchange
END
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