Activities Report for the quarter ended 31 March 2016

  • Completed first drawdown of the $162.5 million secured finance facility (“Facility”), with an initial amount of $133.2 million drawn
  • The retail component of the entitlement offer raised $3.5 million, with Resource Capital Funds (“RCF”) and International Finance Corporation (“IFC”) subscribing for 48.7 million
    ($1.57 million) and 154.7 million ($5.0 million) shortfall shares respectively under their subscription agreements with the company
  • Mr Michael Griffiths appointed as Managing Director and Chief Executive Officer
  • Mr Ian Kerr appointed as an Independent Non-Executive Director

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