EMM Emerging Mkt

TIDMLPH

RNS Number : 3279M

LP Hill PLC

15 July 2014

15 July 2014

LP Hill Plc

("LP Hill" or the "Company")

Extension of Loan Agreement

LP Hill (AIM: LPH), the AIM listed uranium, thorium, base and precious metals and gemstones exploration and development company operating in Madagascar, announces that its pre-existing unsecured loan agreement with Irvine Securities Limited has been extended for a period of six months.

Accordingly, the outstanding unsecured term loan of GBP150,000 principal amount, together with accrued interest thereon, is now repayable on or before 11 January 2015. Save for the extension of the final repayment date, all other details announced on 11 July 2013 remain unaltered.

The Company intends to raise additional equity and/or debt finance in due course to ensure that that the group maintains an appropriate capital structure and is able to fund its ongoing working capital requirements and potential future development opportunities.

For further information, please contact:

 
 LP Hill Plc                                 Tel: +61 8 9368 1566 
 Bernard Olivier, Executive Chairman         Mob: +61 4 0894 8182 
 
 Strand Hanson Limited (Nominated Adviser)   Tel: +44 (0)20 7409 3494 
 James Harris 
 Matthew Chandler 
 James Dance 
 
 Pareto Securities Limited (Broker)          Tel: +44 (0)20 7786 4370 
 Guy Wilkes 
 
 or visit: www.lphill.com.au 
 

-Ends-

This information is provided by RNS

The company news service from the London Stock Exchange

END

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