ENP Newswire -
Release date- 11082014 - Global metallurgical coal group,
Due to the significant progress being made with both the BBM project and the finalisation of the BBM financing package, Platinum has agreed to advance the additional funds to ensure progress is maintained on the project while the final steps of the BBM financing documentation are put in place.
These funds will enable work to progress on the detailed engineering and final design to progress and complete the preparation work necessary to enable site based construction to start promptly once the BBM project financing is finalised.
Repayment of the first loan has been extended with the total loan of
The options will be exercisable at any time before expiry. The options will not be listed but will be transferrable. Payment of the exercise price may be satisfied by the holder paying the exercise price in cash or causing the provider of the bridge loan or project finance to reduce the principal owing by the amount of the exercise price.
Shares issued on exercise of an option rank equally with all other ordinary shares then on issue. If trading in
Chairman and Chief Executive Officer
Mobile: +62 821 1001 0009
Forward Looking Statements
Statements regarding plans with respect to the Company's exploration properties are forward-looking statements. There can be no assurance that the Company's plans for development of its properties will proceed as currently expected. There can also be no assurance that the Company will be able to confirm the presence of additional deposits, that any mineralization will prove to be economic or that a mine will successfully be developed on any of the Company's exploration properties.
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