1 September 2017
KARARA PROJECT FUNDING UPDATEGindalbie Metals Limited (ASX: GBG - "Gindalbie") has received the following update on the Karara Project (Ansteel:
Gindalbie: 47.84%) from Karara Mining Limited ("KML").
US$400M Loan Facility extensionKML has extended the Facility Agreement with China Development Bank and Bank of China- US$400 million Fixed Term Loan Facility ("Facility") (see ASX Release - 28 August 2014). The Facility was due for repayment in August 2017 and has been extended for another 12 months to August 2018.
As Gindalbie does not have an unlimited recourse guarantee for this Facility, if required, it will provide a limited recourse guarantee to Ansteel, limited to the extent of Gindalbie's shareholding in KML in accordance with the shareholder vote in November 2015.
Ms Rebecca Moylan Company Secretary Telephone: +61 8 9480 8700 www.gindalbie.com.au
6 Altona Street West Perth
Western Australia, 6005
T: +61-8 9480 8700
E: gbg@gbgmetals.com
ASX: GBG
Issued Shares: 1.49B
Gindalbie Metals Ltd. published this content on 01 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 September 2017 01:32:02 UTC.
Original documenthttp://gindpublic.powercreations.com.au/images/gind---aebairajig.pdf
Public permalinkhttp://www.publicnow.com/view/AC0BB20B8BE3D14124C9FFD1598B2E0AACFA34BF