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7 October 2011
24 October 2014
Loan Terms Update
Paramount Mining Corporation Limited (ASX: PCP, "Company") advises that the following credit facilities have been renegotiated as follows:
1. Bungarra Resources Ltd
Lender: Bungarra Resources Ltd
Loan amount: USD850,000
Outstanding amount: USD697,000
Interest rate: Nil
Due date: 31 December 2014
Original security: Unsecured
New Security: Floating charge over the assets of the Company
2. Zurily Resources and Trading Ltd
Lender: Zurily Resources and Trading Ltd
Original loan amount: USD200,000
New loan amount: USD800,000
Outstanding amount: USD420,400
Interest rate: Nil
Due date: 31 December 2014
Original loan fee: 2,400,000 fully paid ordinary shares
New loan fee: 10,000,000 fully paid ordinary shares
Garry Taylor
Company Secretary
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Paramount Mining Corporation Limited
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PRODUCER |
CODE : PCP.AX |
ISIN : AU000000PCP5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Paramount Mining is a gold exploration company based in Australia. Paramount Mining produces gold, diamonds in Australia, and holds various exploration projects in Australia and in Ghana. Its main asset in production is ELLENDALE in Australia and its main exploration properties are PEAKSTAR and NAPIER in Australia and OSENASE in Ghana. Paramount Mining is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 6.1 millions as of today (US$ 4.6 millions, € 4.1 millions). Its stock quote reached its highest recent level on February 08, 2011 at AU$ 0.14, and its lowest recent point on March 24, 2016 at AU$ 0.01. Paramount Mining has 607 979 968 shares outstanding. |