News Column

MZI Resources Ltd. - FIRB Decision Positive for Keysbrook Funding

July 2, 2014



ENP Newswire - 02 July 2014

Release date- 01072014 - MZI Resources Ltd (ASX: MZI) is pleased to advise that Resource Capital Fund VI L.P. has been advised by the Foreign Investment Review Board that it has no objections to the transactions contemplated under the RCF Funding Package to MZI.

At the General Meeting of shareholders held on 27 June 2014, MZI shareholders approved RCF's US$42.5million funding package, the conversion of US$1million of the US$4.5million Interim Loan Facility (Facility) into shares and the issue of shares to RCF as payment of the extension fees for the Facility. Further information is provided in the Notice of General Meeting, released as an ASX announcement on 29 May 2014.

MZI further advises that it has agreed with RCF to extend the Facility repayment date from 30 June 2014 to 14 July 2014. There are no changes to the interest rate or security being provided under the Facility. As previously advised, MZI plans to repay the Facility from the draw-down of funds from the Keysbrook Funding Package.

Contact:

Trevor Matthews

Chief Executive Officer

MZI Resources Ltd.

Tel: +61 8 9328 9800


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Source: ENP Newswire


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