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Re: News Releases - Friday, November 28, 2008
Bannerman Resources confirms agreement for convertible financing
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For immediate release
Bannerman Resources confirms agreement for convertible financing
Perth, Australia -- 28 November 2008 -- Bannerman Resources Ltd (ASX:
BMN, TSX:
BAN) ("Bannerman" or the "Company") advises that definitive
documentation for the $20 million Convertible Note Facility with
Resource Capital Funds IV LLP, details of which were announced to ASX
on 17 November 2008, has now been executed.
Bannerman is currently attending to formalities for the satisfaction of
remaining conditions precedent to drawdown of the first tranche of $10
million in December 2008.
For further information please contact:
Australia:
Len Jubber
Chief Executive Officer
Bannerman Resources Limited
Tel: (08) 9381 1436
North America:
Ann Gibbs
Investor Relations Manager
Bannerman Resources Limited
Tel: +1 416-388-7247
E: ann@bannermanresources.com
Website: www.bannermanresources.com
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Copyright (c) 2008 BANNERMAN RESOURCES LIMITED (BAN) All rights
reserved. For more information visit our website at
http://www.bannermanresources.com/ or send
mailto:questions@bannermanresources.com
Message sent on Fri Nov 28, 2008 at 6:09:58 AM Pacific Time
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Bannerman Resources
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DEVELOPMENT STAGE |
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CODE : BMN.AX |
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ISIN : AU000000BMN9 |
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Bannerman is a uranium development stage company based in Australia. Its main asset in development is ETANGO in Namibia and its main exploration properties are SWAKOP RIVER in Namibia and SERULE SOUTH, SERULE NORTH and DUKWE in Botswana. Bannerman is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 2.2 billions as of today (US$ 1.6 billions, € 1.4 billions). Its stock quote reached its lowest recent point on March 27, 2020 at AU$ 0.02, and its highest recent level on September 15, 2023 at AU$ 2.75. Bannerman has 849 630 016 shares outstanding. |