Stone Resources Limited - Convertible Loan Agreement

    




 VANCOUVER, July 10, 2012 /CNW/ - Stone Resources Limited  ("Stone Resources" or the "Company") advises that a news  release was issued by its subsidiary, Stone Resources Australia Limited  ("Stone Resources Australia"), to the Australia Securities Exchange on  July 10, 2012 entitled "CONVERTIBLE LOAN AGREEMENT" announcing that  Stone Resources Australia has entered into a $1.5 million secured  convertible loan agreement with Easy Prestige Limited.  A copy of that  news release is attached. 

 The Company advises that at the current conversion price, if Easy  Prestige Limited exercises the convertible note in full, it is unlikely  that it will have the effect of diluting the Company below a  controlling interest in Stone Resources Australia and therefore it is  not expected to impact the ability of the Company to exercise control  over Stone Resources Australia. 

 On behalf of the Board, 

 Xin Kelei Vice President 

 About Stone Resources Limited 

 Stone Resources Limited is a company incorporated in Bermuda and listed  on the TSX Venture Exchange in Canada.  The Company is involved with  mineral resources exploration and development.  Stone Resources plans  to expand and develop its business using its effective team of experts  in exploration, geology, metallurgy, mine engineering, law and finance. 

 Cautionary Statement on Forward-Looking Statements 

 The information in this document contains certain forward-looking  statements with respect to activities of the Company, based on  assumptions about future courses of action, including with respect to  the conversion of the convertible notes and the Company's business  objectives. Although management has a reasonable basis for the  conclusions drawn, risk factors and uncertainties may cause actual  results to differ materially from those currently anticipated in such  statements. These risks and uncertainties relate to such factors as the  conversion price of the convertible notes and the ability of the  Company to proceed with its business objectives. In view of these  uncertainties we caution readers not to place undue reliance on these  forward-looking statements. Statements made in this document are made  as of the date hereof and the Company disclaims any intention or  obligation to update or revise any statements made herein, except in  accordance with applicable securities laws. 

 Neither the TSX Venture Exchange nor its Regulation Services Provider  (as that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release. 

    


SOURCE  Stone Resources Limited




PDF available at:  http://stream1.newswire.ca/media/2012/07/10/20120710_C7366_DOC_EN_16163.pdf




Stone Resources Limited


CONTACT:  Xin KeleiVice-President and Corporate Secretary+1 [phone] 


    

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