ENP Newswire - 28 May 2014
Release date- 26052014 - Sumatra Copper & Gold plc (ASX Code: SUM) advises that it has signed a variation of the Convertible Loan Facility Agreement dated 4 December 2013 to increase the facility by US$600,000 to US$4,600,000.
The additional US$600,000 has been fully drawn for the purpose of providing the Company with working capital through to the anticipated funding of the Tembang Project.
The Company has received the final Independent Technical Expert Report on the Project ('the Report'). The Report has been provided to potential financiers as part of the negotiation of the quantum of proposed debt financing for the Project. The Company expects to update the market on the full funding plan for the Project in coming weeks.
Sumatra Copper & Gold plc
Tel: +61 8 6298 6200
About Sumatra Copper & Gold
Sumatra Copper & Gold plc (ASX: SUM) is an emerging gold and silver producer and the pre-eminent precious metals explorer in southern Sumatra, Indonesia. The Company has a significant project portfolio encompassing projects ranging from greenfields exploration projects to brownfields, near-production opportunities.