Bens Creek Group PLC Drawdown of Working Capital Facility
19 Marzo 2024 - 1:00AM
RNS Regulatory News
RNS Number : 3154H
Bens Creek Group PLC
19 March 2024
19 March 2024
Bens Creek Group plc
("Bens
Creek" or the "Company")
Drawdown of Working Capital
Facility
Bens Creek Group plc (AIM:BEN), the owner of a
metallurgical coal mine in North America supplying the steel
industry, announces that, further to its notification released on 6
March 2024, Bens Creek has drawn down $7.5 million under the
Working Capital Facility in place with Avani Resources Pte Ltd
("Avani"), the Company's
largest shareholder (the "Drawdown"). Furthermore, in accordance
with the terms of the Working Capital Facility, Avani have also
advanced a further $1.25 million to Bens Creek (the "Discretionary Drawdown") as part of
the discretionary component of the Working Capital Facility. After
the Drawdown and the Discretionary Drawdown, a total of $8.75
million has been drawn down under the Working Capital Facility and
$1.25 million of the Working capital Facility remains
undrawn.
The full terms of the Working Capital Facility
are detailed in the Company's announcement of 6 March
2024.
For further
information please contact:
Bens Creek
Group plc
+44
(0) 204 558 2300
Adam Wilson,
CEO
Peter Shea, Chief of
Staff
Allenby Capital
Limited (Nominated Adviser and Joint Broker)
+44
(0) 203 328 5656
Nick Athanas / Nick
Naylor / George Payne (Corporate Finance)
Kelly Gardiner / Guy McDougall (Sales and Corporate
Broking)
WH Ireland
Limited (Joint Broker)
Harry
Ansell / Katy Mitchell
+44
(0) 207 220 1666
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