Independent Resources PLC Update re Loan Facility and Loan Note Settlement (4003L)

TIDMIRG

RNS Number : 4003L

Independent Resources PLC

30 September 2016

Independent Resources plc

("Independent Resources" or the "Company")

Update re Loan Facility and Loan Note Settlement

Further to the announcement on 29 September 2016, Independent Resources (AIM: IRG) is pleased to confirm it has received GBP160,000 cash as per the loan agreement with Brandon Hill Capital.

The Company is also pleased to announce that having reached an agreement with TransGlobe Petroleum International Inc. ("TransGlobe") concerning the early repayment of the US$2.5 million loan note, as outlined in the announcement on 28 September 2016, it has paid US$100,000 to TransGlobe for full and final settlement.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information, please visit www.ir-plc.com or contact:

 
                    Independent Resources 
Greg Coleman         plc                          020 3367 1134 
 
Adam James          Panmure Gordon (UK) Limited   020 7886 2500 
 (Nominated Adviser & 
  Joint Broker) 
 
Oliver Stansfield   Brandon Hill Capital          020 3463 5000 
Jonathan Evans      (Joint Broker) 
 
Simon Hudson        Tavistock Communications      020 7920 3150 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 30, 2016 10:57 ET (14:57 GMT)