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Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2007
Oct 11, 2007
10425_rns_2007-10-11_7aa2f7ee-c16d-4f15-a095-934ca38cc622.pdf
Capital/Financing Update
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ASX048-AT-07
ASX:JML
ASX/MEDIA RELEASE
12 October 2007
ANZ/Consolidated Minerals Ltd Loan Facility Closed Out
The directors of Jabiru Metals Limited (“Jabiru” “the Company”) advise that the loan facility of $53.5 million provided by ANZ/Consolidated Minerals Ltd (“ANZ/CSM”) has been closed out and that the $53.5 million guarantee that Consolidated Minerals Ltd had provided as support for Jabiru debt funding, as announced to ASX on 31 October 2005, has been released.
The release was foreshadowed in April 2007 when Jabiru announced the re-financing of its debt facility. That re-financing has now been completed with a new arrangement for US$40 million being entered into jointly with ANZ and BNPP. The facility requires no hedging. In addition to allowing Jabiru to close out the ANZ/CSM loan facility, the new facility will also provide flexibility to drawdown funds as required for working capital, development and exploration.
Jabiru Managing Director Mr Gary Comb said “the close out of the ANZ/CSM facility is a significant stage of the Company’s progression, with Jabiru now in a very strong balance sheet position and with cashflow from our Jaguar Operation”.
Gary Comb
Managing Director
Jabiru Metals Ltd
Contact details
Phone: +618 9426 8300 Fax: +618 9426 8399 Web: www.jabirumetals.com.au
Ground Floor, 1205 Hay Street,, West Perth, Western Australia, 6005 PO Box 1114, West Perth, Western Australia, 6872 Telephone: +61 8 9426 8300 Facsimile: +61 8 9426 8399 Email: [email protected] Web: www.jabirumetals.com.au