$60 MILLION TWO YEAR REVOLVING CREDIT FACILITY
(Thomson Reuters ONE) -
London Mining, the UK based developer of mines for the global steel industry,
today announces that it has concluded the previously announced discussions and
entered into a $60 million two year revolving credit facility arranged by
Standard Chartered Bank (the "Facility"). The Facility is available for the
general corporate purposes of the London Mining group. Drawdown of the Facility
is subject to the satisfaction of standard conditions precedent including
security being taken over certain shares and assets of London Mining and certain
of its subsidiaries.
The Company's website can be found at www.londonmining.co.uk
For more information, please contact:
London Mining Plc
Graeme Hossie, Chief Executive Officer +44 20 7201 5000
Rachel Rhodes, Chief Financial Officer
Thomas Credland, Head of Investor Relations
Liberum Capital (Nominated Advisor/Broker)
Clayton Bush/Ellen Francis +44 20 3100 2000
Crux Kommunikasjon AS
Charlotte Knudsen +47 97 56 19 59
Brunswick Group
Carole Cable/ Daniel Thöle +44 20 7404 5959
About London Mining
London Mining is focused on identifying, developing and operating scaleable
mines to become a mid-tier supplier to the global steel industry. London Mining
is developing four iron ore mines in Sierra Leone, Saudi Arabia, Greenland and
China as well as a coking coal operation in Colombia. All London Mining's assets
have deliverable production with potential for expansion. The Company listed on
the Oslo Axess on 9 October 2007 and on AIM in London on 6 November 2009. It
trades under the symbols LOND.L and LOND.NO (Reuters) and LOND LN and LOND NO
(Bloomberg).
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1452158]
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: London Mining Plc via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 15.10.2010 - 15:28 Uhr
Sprache: Deutsch
News-ID 45694
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
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"$60 MILLION TWO YEAR REVOLVING CREDIT FACILITY"
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London Mining Plc (Nachricht senden)
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