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LINDIAN RESOURCES LIMITED — Capital/Financing Update 2021
Oct 21, 2021
65236_rns_2021-10-21_19cc1bd7-9e22-49f0-a10a-8005b53cef72.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT 22 OCTOBER 2021
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$300,000 LOAN FACILITY SECURED
Lindian Resources Limited (ASX: LIN ) (“ Lindian ” or “ the Company ”) is pleased to confirm that it has secured a short term loan facility (“ the Facility ”) for $300,000 on an arm’s-length basis from Kabunga Holdings Pty Ltd, a company associated with Chairman Asimwe Kabunga.
The unsecured loan is for a period of two months maturing on 21 December 2021 at a rate of 7% per annum (non-compounding) with interest payable at maturity.
Given Lindian’s low monthly cash burn rate, the Facility gives the Company the necessary financial flexibility in the coming months to continue advancing its three bauxite projects in Guinea. Interest from third parties including in-country bauxite mining and aluminium companies as well as traders and other off-takers remains encouraging and a range of project development strategies are being pursued.
This ASX announcement was authorised for release by the Lindian Board.
For further information, please contact:
Asimwe Kabunga Chairman Phone : +61 8 6557 8838 Email : [email protected] www.lindianresources.com.au
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Follow @ASXLindian on Twitter Follow Lindian Resources on LinkedIn
ABOUT LINDIAN RESOURCES LIMITED
Lindian Resources Limited (“Lindian”) is a bauxite focused exploration company listed on the Australian Stock Exchange under the ASX code LIN. The combination of assets offers the opportunity for near term production via the Woula Project while simultaneously advancing the larger, multi-generational bauxite assets, the very high grade Conglomerate Bauxite Gaoual Project and the world class Tier 1 Lelouma Project.
Level 24 108 St Georges Terrace Perth WA 6000 Australia
ASX :LIN www.lindianresources.com.au
Chairman Asimwe Kabunga
Asimwe Kabunga T : +61 8 6557 8838 E : [email protected] Non Executive Directors Yves Occello Enquiries regarding this Giacomo (Jack) Fazio announcement can be directed to: 1 Company Secretary Susan Park Asimwe Kabunga
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