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SKR Sunkar

1.805
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sunkar LSE:SKR London Ordinary Share GB00B29KHR09 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.805 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sunkar Resources PLC UPDATE RE NEW CONVERTIBLE LOAN FACILITY (6769E)

11/04/2014 2:14pm

UK Regulatory


Sunkar (LSE:SKR)
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TIDMSKR

RNS Number : 6769E

Sunkar Resources PLC

11 April 2014

11 April 2014

RNS

SUNKAR RESOURCES PLC

("Sunkar" or the "Company")

UPDATE RE NEW CONVERTIBLE LOAN FACILITY

Receipt of Funds

Sunkar (AIM: SKR) announces that, further to the announcement released on 7 April 2014, the Company yesterday received USD 1.28 million from Sun Avenue Partners Corporation SAPC ("SAPC"), following the issue of 1,280,000 Convertible Loan Notes of USD 1 each to SAPC.

Following the receipt of funds from SAPC in London, Temir Service LLP ("Temir") has now made a total payment of USD 187,144 to ACB, returning the ACB Loan to good order and thereby removing the threat of default.

For further information, please contact:

Sunkar Resources plc

   Teck Soon Kong, Chairman                               Tel: +44 20 7397 3730 

Serikjan Utegen, CEO

Strand Hanson Limited

   Stuart Faulkner                                                Tel: +44 20 7409 3494 

Andrew Emmott

James Dance

Bankside Consultants

   Simon Rothschild                                              Tel: +44 7703 167065 

or visit: www.sunkarresources.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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