Corcel PLC Resource Mining Corporation -- Debt Extension (5193K)
02 Septiembre 2021 - 01:30AM
UK Regulatory
TIDMCRCL
RNS Number : 5193K
Corcel PLC
02 September 2021
Corcel PLC
("Corcel" or the "Company")
Resource Mining Corporation - Debt Extension
2 September 2021
Corcel Plc, ("Corcel" or "the Company"), the natural resource
exploration and development company with interests in core battery
metals and flexible grid solutions, announces that it has extended
by one month the repayment date in respect of part of its AUD
4,761,087 debt position in Resource Mining Corporation Limited
(ASX: RMI) ("RMI").
As previously announced on 7 April 2020 and on 28 October 2020,
Corcel currently holds AUD 4,761,087 of secured debt in RMI, AUD
2,741,087 of which is due for repayment on 30 September 2021, and
2,000,000 of which is due for repayment on 14 January 2022. The
Company has extended the repayment date of the AUD 2,741,087 due on
30 September 2021 to 31 October 2021.
This is to allow RMI sufficient time to hold its General Meeting
following the Company's binding but conditional acquisition
(announced 12 August 2021) of 100% of the issued share capital in
Australian-registered Niugini Nickel Pty Ltd, which owns 100% of
the Wo Wo Gap nickel-cobalt project in Papua New Guinea. As
consideration for the acquisition, the Company is releasing all
liabilities and obligations in connection with its AUD 4,761,087
senior debt position in RMI.
Further information will be released on these discussions in due
course.
For further information, please contact :
Scott Kaintz 020 7747 9960 Corcel Plc CEO
James Joyce / Andrew de Andrade 0207 220 1666 WH Ireland Ltd NOMAD & Broker
Simon Woods 0207 3900 230 Vigo Communications IR
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Regulation (EU) 596/2014 .
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END
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