Atlantic Limited : Windimurra Funding Update
08/20/2012| 02:26am US/Eastern
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20 August 2012
WINDIMURRA FUNDING UPDATE
Atlantic Ltd (ASX: ATI) (Atlantic) is pleased to confirm that
it has received $30 million in funding under the new Class B
convertible bond facility announced on 6 August 2012.
The $30 million was received in line with the timetable
previously announced involving two drawdowns of $10 million
and $20 million on 10 August and 15 August respectively.
The funds raised will be used for the ongoing ramp-up of the
Windimurra project and general corporate purposes.
--ends--
For further details please contact:
Michael Minosora Glen Zurcher Managing Director
Investor Relations Atlantic Ltd Atlantic Ltd
Ph: + 61 8 6141 7100 Ph: +61 8 6141 7215
About Atlantic
Atlantic is committed to building a diversified portfolio of
world class resources assets that will provide superior
returns to shareholders.
Atlantic combines its strong financing capability with a
highly disciplined and innovative approach to acquire
resources projects that are low cost, long life and near
production.
Atlantic subsidiary Midwest Vanadium Pty Ltd owns 100% of the
Windimurra vanadium project, located approximately 600
kilometres north of Perth in Western Australia. Windimurra
hosts one of the largest proven vanadium reserves in the
world.
Additional information on Atlantic can be found at www.atlanticltd.com.au.
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