LP Hill PLC Extension of Loan Agreement (3279M)
15 Luglio 2014 - 9:30AM
UK Regulatory
TIDMLPH
RNS Number : 3279M
LP Hill PLC
15 July 2014
15 July 2014
LP Hill Plc
("LP Hill" or the "Company")
Extension of Loan Agreement
LP Hill (AIM: LPH), the AIM listed uranium, thorium, base and
precious metals and gemstones exploration and development company
operating in Madagascar, announces that its pre-existing unsecured
loan agreement with Irvine Securities Limited has been extended for
a period of six months.
Accordingly, the outstanding unsecured term loan of GBP150,000
principal amount, together with accrued interest thereon, is now
repayable on or before 11 January 2015. Save for the extension of
the final repayment date, all other details announced on 11 July
2013 remain unaltered.
The Company intends to raise additional equity and/or debt
finance in due course to ensure that that the group maintains an
appropriate capital structure and is able to fund its ongoing
working capital requirements and potential future development
opportunities.
For further information, please contact:
LP Hill Plc Tel: +61 8 9368 1566
Bernard Olivier, Executive Chairman Mob: +61 4 0894 8182
Strand Hanson Limited (Nominated Adviser) Tel: +44 (0)20 7409 3494
James Harris
Matthew Chandler
James Dance
Pareto Securities Limited (Broker) Tel: +44 (0)20 7786 4370
Guy Wilkes
or visit: www.lphill.com.au
-Ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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