AI assistant
Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2007
Sep 19, 2007
10425_rns_2007-09-19_fec06d4a-ced7-4ebf-bd69-1631cccdb64f.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Allegiance M i n i n g N L A B N 3 8 0 5 9 6 7 6 7 8 3 ASX Stock Code: AGM
Level 11 Quantum House 49 – 51 York Street Sydney NSW 2000 AUSTRALIA Phone: 61 (0)2 9397 7777 Fax: 61 (0)2 9397 7788
ASX ANNOUNCEMENT 19 September 2007
$73M SOCIETE GENERALE/ANZ FINANCE SIGNED
Allegiance is pleased to announce that formal documentation has been completed and executed with Societe Generale and the Australian & New Zealand Banking Group for a US$45M project finance facility, plus a cost overrun totality (A$7.5m), working capital facility ($A11M) and an Environmental Bond Facility (A$2M), which totals A$73M. While some additional funding will be required, the bulk of the funding package is now in place.
Our expanded exploration program consisting of three surface and two underground drill rigs continues at a pace with promising results. Mining operations in the Avebury Mine have been stepped up with the addition of a second Jumbo which should double productivity. The construction of the Avebury processing facility remains on track for completion in the first Quarter of 2008.
Real progress is being made on all fronts. If you can’t visit us at Avebury get a taste of our site progress by visiting our website (photo gallery section).
Exciting times!
A W HOWLAND-ROSE MSc, DIC, FGS, FIMMM, FAusIMM, FAIG, CEng CHAIRMAN
For Further Information Contact: Tony Howland-Rose, Chairman: (02) 9397 7777 or 0418 972 112 - Electronic copies of this and other reports are available on our website www.allegiance mining.com.au To receive email notifications of future releases, subscribe by email to [email protected]