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ASX RELEASE
2 June 2015
REPAYMENT SCHEDULE WITH INVESTEC AGREED
Perth, Western Australia: Gold producer Troy Resources Limited (ASX: TRY) today announced that it has finalised arrangements with Investec Bank to align the repayment schedule of its Revolving Corporate Loan Facility, with the start-up and commissioning period of operations at Troy's exciting new Karouni Mine.
Karouni is on track to commence commissioning at the end of June with operations ramping up to full production of 80,000tpm during Q3 of CY2015. The first repayment under the A$100 million Loan Facility is A$10 million on 30 September 2015 with the balance being amortised in quarterly instalments through to 30 June 2017.
Troy CEO Martin Purvis said the Company was pleased to have finalised the repayment schedule with Investec. "The working relationship between Troy and Investec during the entire fast-track development of the Company's flagship mine in Guyana has been outstanding and this latest milestone exemplifies just how well the Bank understands the fundamentals and mechanics of Mine Project Development."
ENDS
For further information please contact:
Martin Purvis Stacey Apostolou CEO Company Secretary Troy Resources Limited Troy Resources Limited T: (61 8) 9481 1277 T: (61 8) 9481 1277
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Troy Resources NL
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PRODUCER |
CODE : TRY.AX |
ISIN : AU000000TRY7 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Troy Res. is a gold producing company based in Australia. Troy Res. produces gold, silver in Argentina, in Australia and in Brazil, develops gold in Australia, and holds various exploration projects in Argentina, in Australia, in Brazil and in Finland. Its main assets in production are GOIAS VELHO / SERTAO MINE and ANDORINHAS in Brazil, BULCHINA MINE, CORNISHMAN & DOUBLE O, CORNISHMAN MINE, LORD NELSON and LORD HENRY in Australia and CASPOSO in Argentina, its main assets in development are SANDSTONE - LORD NELSON and SERTAO in Australia and its main exploration properties are DALY RIVER, THREE RIVERS, TWO MILE, THREE RIVERS and TROJAN JV in Australia and OIJARVI in Finland. Troy Res. is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 13.7 millions as of today (US$ 9.9 millions, € 8.7 millions). Its stock quote reached its highest recent level on October 05, 2012 at AU$ 5.02, and its lowest recent point on September 01, 2023 at AU$ 0.03. Troy Res. has 456 600 000 shares outstanding. |