United Cacao Limited SEZC Funding Update - Clarification (7237T)

TIDMCHOC TIDMUCL

RNS Number : 7237T

United Cacao Limited SEZC

09 January 2017

9 January 2017

United Cacao Limited SEZC

("United Cacao" or the "Company")

Funding Update - Clarification

United Cacao wishes to provide a clarification update with respect to the announcement it released on 6 January 2017 titled "Funding Update". The reference to "additional 7.00 per cent, convertible bonds" referred to bonds to be issued pursuant to the Company's existing $10,000,000 7% June 2019 Secured Convertible Bond facility (the "Secured Bonds") details of which can be found at:

http://www.unitedcacao.com/index.php/en/investor-relations-en/financial-and-corporate-documents/227-us-10-000-000-convertible-bond-issuance

This further issuance of Secured Bonds means that the Company has now issued $6,330,000 nominal value bonds out the total $10,000,000 facility.

The company continues to actively pursue a solution to its financial situation and will provide updates as to developments.

For more information please visit www.unitedcacao.com or contact:

 
                                       +1 345 815 
 United Cacao Limited SEZC              2710 
 Constantine Gonticas 
 
                                       +44 (0) 20 
 Beaufort Securities (Joint Broker)     7382 8300 
 Jon Belliss / Elliot Hance 
 
 Kallpa Securities SAB (Joint 
  Broker)                              [phone] 
 Ricardo Carrion 
 
                                       +44 (0) 20 
 Tavistock (PR Adviser)                 7920 3150 
 Niall Walsh / Jos Simson 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 09, 2017 12:03 ET (17:03 GMT)