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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Finders Res. | LSE:FND | London | Ordinary Share | AU000000FND9 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 25.25 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMFND
For Release: 25 September 2009
FINDERS RESOURCES LIMITED
Finders Repaid Meridian Loan
Finders Resources (ASX and AIM: FND) is pleased to advise that
following completion of the recent equity raising, it has repaid the
US$5.0 million loan and accrued interest from Meridian International
Capital Limited. The loan was due to mature on 31 December 2009.
Following the repayment of the Meridian loan, the group's remaining
interest-bearing debt total US$2.4 million, comprising the US$1.5
million convertible note maturing 19 January 2012 and US$0.9 million
owing pursuant to the forward sale and purchase of copper cathode
which is expected to be repaid in the next two months.
Chris Farmer, Finders Managing Director commented : "The discharge of
this debt, and its related security over the company's assets will
greatly simplify ongoing negotiations to secure senior debt
facilities and increase our flexibility for financing construction
and development of the full scale Wetar Copper project."
For further information please contact:
Finders Resources Limited
Russell Fountain Non-Executive
Chairman +61 2 9211 8299
Chris Farmer Managing
Director info@findersresources.com
Financial PR
Doug Macdonald Capital Group (in
Australia) +61 424 255 959
Nick Elwes College Hill (in the
UK) +44 20 7457 2020
RFC Corporate Finance Ltd - Nomad
Rob Adamson Managing
Director +61 2 9250 0000
Stuart Laing Executive
Director +61 8 9480 2500
FinnCap - Finders' Broker for the AIM market
Mathew Robinson Corporate Finance
Director +44 20 7600 1658
Joe Lunn
Analyst +44 20 7600 1658
=--END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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