Kenmare Resources Kenmare Resources Plc : Corporate Loan Facility Extension
December 16 2013 - 1:00AM
UK Regulatory
TIDMKMR
Kenmare Resources plc ("Kenmare" or "the Company")
16 December 2013
Corporate Loan Facility Extension
In announcements made on 10 October 2013, Kenmare noted that it intended
to apply part of the placing proceeds against a US$40 million corporate
loan facility from Absa Bank Limited ("Absa"), a member of Barclays, and
that it was in discussion with Absa regarding an extension of US$20
million of this loan facility to March 2015.
As a result of an amendment to the loan facility effective today, Absa
has extended US$20 million of the facility to 31 March 2015. US$20
million was repaid in November, as planned. The amended US$20 million
facility permits for amounts drawn under it to be repaid and redrawn
prior to the maturity date.
The facility extension provides Kenmare with additional working capital
flexibility.
For further information, please contact:
Kenmare Resources plc
Michael Carvill, Managing Director
Tel: +353 1 671 0411
Mob: + 353 87 674 0110
Tony McCluskey, Financial Director
Tel: +353 1 671 0411
Mob: + 353 87 674 0346
Virginia Skroski, Investor Relations Manager
Tel: +353 1 671 0411
Mob: + 353 87 739 1103
Murray Consultants
Joe Heron
Tel: +353 1 498 0300
Mob: +353 87 690 9735
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Kenmare Resources via Globenewswire
HUG#1749947
http://www.kenmareresources.com/
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