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Cours Or & Argent

Terramin Australia Ltd

Publié le 22 septembre 2016

Grant of ASX Waiver

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Grant of ASX Waiver

ASX Announcement

22 September 2016

Grant of ASX Waiver

Terramin Australia Limited (ASX: TZN) (Terramin or the Company) advises that it has sought and has been granted a waiver by the ASX from listing rule 10.1 regarding the recent increase in the funding facility agreement entered into by Terramin, Terramin Exploration Pty Ltd (TZNEX) and Asipac Group Pty Ltd (Asipac) in October 2015 (BIH Facility Agreement).

As announced on 31 August 2016, this facility was increased from $5 million to $6 million and the other terms of BIH Facility Agreement are unchanged. The details of that increase of the facility was announced to the market on 31 August 2016.

The waiver from listing rule 10.1 has been granted by the ASX to the Company to the extent necessary for TZNEX to grant security over its assets to secure the repayment of debt up to $6 million to Asipac under the BIH Facility Agreement without shareholder approval.

The terms of the waiver are attached to this announcement. The Company expects to be in a position to repay the outstanding debt owed to Asipac under the BIH Facility Agreement in accordance with its terms.

For further information, please contact:

Martin Janes

Chief Executive Officer Terramin Australia Limited

+61 8 8213 1415

[email protected]

Terramin Australia Ltd ACN 062 576 238

F +61 8 8213 1416

[email protected]

Unit 7, 202-208 Glen Osmond Road, Fullarton SA, 5064

T +61 8 8213 1415

www.terramin.com.au

ASX WAIVER DECISION

Based solely on the information provided, ASX Limited grants Terramin Australia Limited (Company) a waiver from listing rule 10.1 to the extent necessary to permit its subsidiary, Terramin Exploration Pty Ltd (TZNEX), to grant security over its assets (Security) in favour of Asipac Group Pty Ltd (Asipac) pursuant to a financing facility (BIH Facility) under which Asipac may provide the Company up to $6.0 million without obtaining shareholder approval, on the following conditions.

  1. The Security includes a term that if an event of default occurs and Asipac exercises its rights under the Security, neither Asipac nor any of its associates can acquire any legal or beneficial interest in an asset of the Company or its subsidiaries in full or part satisfaction of the Company's and TZNEX' obligations under the Security, or otherwise deal with the assets of Terramin or any of its subsidiaries, without the Company first having complied with any applicable listing rules, including listing rule 10.1, other than as required by law or through a receiver, or receiver or manager (or analogous person) appointed by Asipac exercising its power of sale under the Security and selling the assets to an unrelated third party on arm's length commercial terms and conditions and distributing the cash proceeds to Asipac in accordance with its legal entitlements.

  2. A summary of the material terms of the Security is made in each annual report of the Company during the term of the Security.

  3. Any variations to the terms of the Security which is:

  4. not a minor change; or

  5. inconsistent with the terms of the waiver, must be subject to shareholder approval.

  6. The Company must seek to discharge the Security when the funds advanced under the Security are repaid, or if it is not discharged, seek shareholder approval for the continuation of the Security for any further loan facility amount.

  7. The Company immediately releases to the market an announcement which sets out the terms of the waiver, and the Company's plans with respect to the repayment of the funds advanced under the Security and the discharge of the Security, including the timeframe within which it expects the repayment and discharge to occur.

  8. ASX has considered listing rule 10.1 only and makes no statement as to the Company's compliance with other listing rules.

  9. Page 2 of 2

Lire la suite de l'article sur www.publicnow.com

Terramin Australia Ltd

PRODUCTEUR
CODE : TZN.AX
ISIN : AU000000TZN3
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Terramin est une société développant des projet miniers de zinc et de plomb basée en Australie.

Terramin est productrice de zinc, de plomb, d'argent, de cuivre et d'or en Australie, en développement de projets de plomb et de zinc en Algerie, et détient divers projets d'exploration en Australie.

Son principal projet en production est ANGAS en Australie, son principal projet en développement est OUED AMIZOUR (TALA HAMZA) en Algerie et ses principaux projets en exploration sont MENNINNIE ZINC, BIRD-IN-HAND et TALA HAMZA en Australie.

Terramin est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 74,7 millions AU$ (50,7 millions US$, 45,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 15 octobre 2010 à 0,80 AU$, et son plus bas niveau récent le 26 avril 2013 à 0,01 AU$.

Terramin possède 1 821 139 968 actions en circulation.

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Rapports Financiers de Terramin Australia Ltd
31/08/2016Interim Financial Report
29/07/2016 2nd Quarter Report
29/04/20161st Quarter Report
08/03/2016Financial Report
Projets de Terramin Australia Ltd
09/11/2016(Tala Hamza) Tala Hamza Zinc Project ProgressesTowards Development
08/08/2016(Bird-in-hand)Updated Bird-in-Hand Gold Resource Estimate
15/07/2016(Bird-in-hand)More High Grade Gold Results for Bird-in-Hand Gold Project
12/11/2013Completes Acquisition of Bird-in-Hand Gold Project
23/10/2013Executes Purchase Agreement for the Bird-in-Hand Gold Projec...
28/07/2011grows Menninnie project
27/05/2008(Angas)New Australian zinc mine nears commissioning
04/02/2008(Tala Hamza)Widest intersection to date in Algerian project for Terramin
28/11/2007Further High Grade intersections at Tala Hamza Deposit
Communiqués de Presse de Terramin Australia Ltd
31/07/20172nd Quarter Report
22/09/2016Grant of ASX Waiver
22/09/2016Grant of ASX Waiver
27/05/2016CEO Presentation – AGM 2016
27/05/2016Chairman’s Address – AGM 27 May 2016
26/04/2016 Notice of Annual General Meeting
12/04/2016Change of Address
02/12/2015Key Visit by Algerian Delegation to China
06/11/2015Debt Restructure and Marketing Agreement
02/11/2015Placement raises $3 million
01/10/2015Extension of Debt Facilities
18/08/2015Debt Restructure Agreed with Major Shareholder
04/08/2015Acquisition of strategic land for Bird-in-Hand Project
21/07/2015Termination of Menninnie Dam Joint Venture
14/07/2015Major shareholder converts $16.2 million notes into shares
14/07/2015Appendix 3B
11/10/2013Launches Rights Issues
08/08/2013Secures Finance for High Grade Bird-in-Hand Gold Project
19/07/2013to Acquire High Grade Bird-In-Hand Gold Project
03/05/2013to Commence Arbitration proceedings to resolve differences
17/04/2013announces Board changes
01/08/2011NFC backs Terramin with placement under A$50m Facility
29/07/20112nd Quarter Report 2011
10/09/2008New Aust. zinc mine an early revenue winner for Terramin
28/08/2008June 2008 Interim Financial Accounts
14/08/2008bullish zinc-lead outlook
28/07/2008first concentrates today
08/07/2008New Terramin program eyes several other zinc mines in Algeri...
24/06/2008Successful $16.5 million capital raising to fund ongoing Ter...
12/06/2008-Minotaur announce new Menninnie deal
29/05/2008$16.5 million capital raising for expansion
23/05/2008BROADENS ALGERIAN OPERATIONS
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