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ENOVA MINING LIMITED — Capital/Financing Update 2018
Jun 4, 2018
64858_rns_2018-06-04_c83fdd96-27e2-4671-a079-361b7417a696.pdf
Capital/Financing Update
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ASX Announcement
5[th] June 2018
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Crossland Strategic Metals Limited (“CUX”): Loan facility (EMMCO Sdn. Bhd.)
In accord with Continuous Disclosure requirements, as required under ASX listing regulation 3.1, Crossland Strategic Metals Ltd. (CUX) advises that on the 1[st] June 2018, a further loan of $190,140.75 has been received from EMMCO Sdn. Bhd. (a Malaysian Incorporated Company).
CUX Director, Mr Harun Halim Rasip, is a Director and Shareholder of EMMCO Sdn. Bhd.
The funds are to be used to settle Stamp Duty costs owed to the Northern Territory Revenue Office for the acquisition of the former joint venture partner, Essential Mining Resources Pty. Ltd., completed on 7[th] June 2017. Interest on the loan will be 15% per annum pro-rata, with a maturity date of 4[th] October 2018. The payment of these costs in the June 2018 quarter was reported under item 9 of the company’s March 2018 Appendix 5B quarterly cashflow report.
End Announcement
Andrew Metcalfe Company Secretary On behalf of Crossland Strategic Metals Ltd.