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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Angus&Ross | LSE:AGU | London | Ordinary Share | GB0009348862 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 9254U Angus & Ross PLC 21 May 2008 21 May 2008 ANGUS & ROSS PLC ("A&R" or "the Company") AIM: AGU.L SHORT TERM LOAN FROM CYRUS CAPITAL PARTNERS LP TO PROVIDE INTERIM FUNDING OF SECURITY BOND TO SUPPORT ISSUE OF MINING LICENCE FOR THE BLACK ANGEL MINE IN GREENLAND A&R announces that it is borrowing $1,650,000 from Cyrus Capital Partners LP (Cyrus). The loan, which is repayable in three months, will bear interest at 14% per annum and is subject to an arrangement fee of $150,000. Cyrus holds 37.5 million warrants at an exercise price of 20p, with an expiry date of 10th July 2010 and is therefore considered to be a related party. The money will be held in escrow in a deposit account as security for the mine closure bond, which has to be in place before the mining licence can be issued. Having consulted with the Company's Nominated Adviser, the directors consider that the terms of the transaction are fair and reasonable insofar as shareholders are concerned. Enquiries: Angus & Ross plc Robin Andrews, Chairman 01751 430 988 Nicholas Hall, Chief Executive 07931 709 053 Fox-Davies Capital 0207 936 5200 Daniel Fox-Davies Richard Hail Bishopsgate Communications Limited Nick Rome 0207 562 3366 Landsbanki Securities (UK) Limited Jeff Keating Fred Walsh 0207 426 9000 This information is provided by RNS The company news service from the London Stock Exchange END STRAMMRTMMTTBIP
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