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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tarquin | LSE:TQN | London | Ordinary Share | GB00B0Y52T38 | ORD 15P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Loan Facility TARQUIN RESOURCES PLC ("Tarquin" or "the Company") 19 December 2007 LOAN FACILITY The directors of Tarquin Resources plc (AIM : TQN) are pleased to advise that the Company has secured a £1.3 million loan facility from Investika Ltd. The loan bears interest at 9.5% per annum on funds drawn, is secured by a negative pledge over the Company's equity interest in Tommy SA and is repayable by 31 July 2008, either in cash or convertible into shares in the Company at 25p per share, at Investika's option. The facility bears a facility fee of £65,000, being 5 per cent. of the amount of the facility. Funds drawn from the facility will be utilized to meet the Company's working capital requirements. Mr Chrisilios Kyriakou, a director of the Company, is also a director of Investika Ltd and accordingly Investika Ltd is a related party of the Company. With the exception of Mr Kyriakou, the Company's directors consider, having consulted with the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. For further information: Annie Richards, Tarquin Resources plc +44 (0) 20 7514 1480 Hugh Oram, Nabarro Wells & Co Ltd +44 (0) 20 7710 7400 Charles Vivian, Pelham Public Relations +44 (0) 20 7743 6670 - ---END OF MESSAGE---
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