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CRITICAL RESOURCES LIMITED — Capital/Financing Update 2015
May 4, 2015
64708_rns_2015-05-04_fb5d4f69-0177-4339-a8c9-abc3b83264e9.pdf
Capital/Financing Update
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ASX Release 5 May 2015
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Bergen Note Balance Reduced
Sovereign Gold Company Limited ACN 145 184 667
Level 2, 131 Macquarie Street Sydney NSW 2000 Tel: +61 2 9251 7177 Fax: +61 2 9251 7500
Contact Simon Bird MD
email: [email protected]
Latest News www.sovereigngold.com.au
Directors / Officers John Dawkins AO Simon Bird MD Michael Leu Bruce Dennis Jacob Rebek
ASX Symbol: SOC
Sovereign Gold Company Limited (ASX: SOC) (Sovereign Gold) advises that $200,000 of the outstanding balance under the Convertible Securities Agreement (the Agreement) with Bergen Global Opportunity Fund II, LLC (Bergen) dated 13 December 2013 has been paid.
Absent conversion, Sovereign Gold will repay the outstanding balance of $300,000 under the Agreement in cash, on an agreed schedule, during the course of 2015. Further, Bergen has agreed not to convert any of the balance outstanding until 1 August 2015.
“We achieved this initial payment to Bergen with the help of shareholders who continue to show confidence in the Company and its projects.
“The Board and management are focused on the development of Sovereign Gold, to the benefit of all shareholders; this is just the first step to our expected recovery”, said Simon Bird, Managing Director.
For further information please contact:
Simon Bird, Managing Director or Henry Kinstlinger, Investor Relations
Sovereign Gold Company Limited Telephone: +61 2 9251 7177