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ASX/Media Release
29 July 2015
Capital Mining Limited
ASX: CMY, CMYO
Level 11, 216 St Georges Tce
Perth WA 6000
Telephone +61 8 9481 0389
Fax +61 8 9463 6103 www.capitalmining.com.au
Directors
Executive Director/CEO
Mr Robert McCauley
Non-Executive Directors
Dr James Ellingford
Mr Peter Torney
Mr Peter Dykes
Mr Anthony Dunlop
Company Secretary
CONFIRMATION OF LOAN FUNDING
Capital Mining Limited (ASX: CMY) (Company) are pleased to announce that the Company has today entered into a loan deed with a private lender for a secured facility of $1,000,000.
The first $522,500 can be drawn down within 10 business days of signing with the balance of
$477,500 available to be drawn down at the discretion of the lender following written request from Capital.
The term of the loan is 15 months from the date of drawdown on the loan.
The lender will deduct a 5% fee from each drawdown made by Capital. In addition, the loan attracts an interest rate of 10% per annum.
-ENDS-
Further information please contact:
Elizabeth Hunt
Company Secretary
Mrs Elizabeth Hunt
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Capital Mining
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CODE : CMY.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Capital Mining is a silver and gold exploration company based in Australia. Capital Mining holds various exploration projects in Australia. Its main exploration property is COWARRA in Australia. Capital Mining is listed in Australia. Its market capitalisation is AU$ 4.1 millions as of today (US$ 3.0 millions, € 2.6 millions). Its stock quote reached its highest recent level on October 01, 2010 at AU$ 1.60, and its lowest recent point on December 30, 2016 at AU$ 0.00. Capital Mining has 810 000 000 shares outstanding. |