Secured Loan Facility of up to US$50 million (7045F)
2012年6月20日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMREG
RNS Number : 7045F
Rare Earths Global Limited
20 June 2012
Press Release 20 June 2012
Rare Earths Global Limited
("REG" or the "Company")
Rare Earths Global signs term sheet with Credit Suisse AG
for a Secured Loan Facility of up to US$50 million
Rare Earths Global Limited (AIM:REG), a leading mining services
group focused on the extraction, separation, refinement and trading
of rare earth elements, oxides and other related products, is
pleased to announce that it has entered into a non-binding,
indicative term sheet (the "Term Sheet") with Credit Suisse AG
("Credit Suisse") for a secured term loan facility of up to US$50
million and detachable warrants (the "Loan Facility").
The Loan Facility is subject to completion of due diligence and
internal approvals. REG expects to be in a position to draw down on
the facility by September 2012. The Company remains committed to
both its domestic and international strategy as set out in its
Admission Document published in March 2012. Admission to AIM has
enhanced REG's status and profile and access to this facility will
enable the Company to carry out its stated strategy which includes,
inter alia, increasing the production capability at the Company's
separation plant in Sanxie, providing additional funding for its
rare earth trading subsidiary and increasing capacity in its mining
services division.
Simon Ong, Chief Executive Officer of REG, commented: "We
believe that this partnership with Credit Suisse demonstrates the
strength of the Company's current business model and future growth
potential. Admission to AIM has raised the profile of the Group and
the Company will now be well positioned to exploit its stated
strategy."
Entering into the Loan Facility remains subject to a number of
conditions, including due diligence and the receipt of internal
credit committee approvals by Credit Suisse, and the negotiation
and execution of definitive documentation.
A further announcement will be released once the signing date
has been agreed and drawdown date finalised which will also set out
full details of the terms and conditions.
- Ends -
For further information:
Rare Earths Global Limited
Simon Ong, Chief Executive Officer Tel: +86 755 8633 6388
Brian Ho, Finance Director www.rareearthsglobal.com
Charles Stanley Securities
Nominated Adviser & Broker
Dugald J. Carlean / Carl Holmes Tel: +44 (0) 20 7149 6000
www.csysecurities.com
Media enquiries:
Abchurch Communications Limited
Henry Harrison-Topham / Joanne Tel: +44 (0) 20 7398 7702
Shears
henry.ht@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBKCDPNBKDBAD
Rare Earths (LSE:REG)
過去 株価チャート
から 5 2024 まで 6 2024
Rare Earths (LSE:REG)
過去 株価チャート
から 6 2023 まで 6 2024