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be443f821d66bf7d014687.pdf
ASX Announcement
1 October 2015
Extension of Debt Facilities
Terramin Australia Limited (ASX: TZN) announces that it, its subsidiary, Terramin Exploration Pty Ltd and the Asipac Group, Terramin's largest shareholder, have agreed to extend the maturity dates of the existing $4.3 million debt facility used to acquire and develop the Bird-in-Hand Gold Project (BIH Facility) and the $4.0 million corporate debt facility (Corporate Facility) which matured on 30 September 2015.
The BIH Facility and the Corporate Facility have been extended to 30 October 2015 while the parties finalise the terms of long term debt refinancing. Other than the extension of the maturity date of each facility, there are no other changes to the terms of these facilities.
The negotiations regarding the refinancing are well advanced and the Company is confident that a commercial agreement regarding the refinancing will be finalised in coming weeks.
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For further information, please contact:
Martin Janes
Chief Executive Officer Terramin Australia Limited
+61 8 8213 1415
[email protected]
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Level 3
70 Hindmarsh Square Adelaide
SA 5000
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Terramin Australia Ltd
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PRODUCER |
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CODE : TZN.AX |
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ISIN : AU000000TZN3 |
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Terramin is a zinc and lead development stage company based in Australia. Terramin produces zinc, lead, copper, gold and silver in Australia, develops lead and zinc in Algeria, and holds various exploration projects in Australia. Its main asset in production is ANGAS in Australia, its main asset in development is OUED AMIZOUR (TALA HAMZA) in Algeria and its main exploration properties are MENNINNIE ZINC, BIRD-IN-HAND and TALA HAMZA in Australia. Terramin is listed in Australia and in Germany. Its market capitalisation is AU$ 76.5 millions as of today (US$ 52.4 millions, € 47.5 millions). Its stock quote reached its highest recent level on October 15, 2010 at AU$ 0.80, and its lowest recent point on April 26, 2013 at AU$ 0.01. Terramin has 1 821 139 968 shares outstanding. |