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MINBOS RESOURCES LIMITED — Capital/Financing Update 2014
Sep 7, 2014
65355_rns_2014-09-07_912f6874-2300-40c7-b16b-89900da34e81.pdf
Capital/Financing Update
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08 September 14
ASX Code: MNB PERTH OFFICE 278 Barker Road Subiaco WA 6008 Australia
T: +61 8 6102 7724
E: [email protected] W: www.minbos.com
ABN: 93 141 175 493
ASX ANNOUNCEMENT/MEDIA RELEASE
Repayment of Carter Convertible Note
Minbos Resources Limited ( Minbos or Company ) advises that following the placement of the rights issue shortfall, the Company has repaid the principal amount of $250,000 of the Carter convertible note facility. In accordance with the Convertible Note Deed dated 2 April 2013, all payments owing in relation to the convertible notes ( Notes ) have been paid and the 25 Notes are cancelled. The obligations of the Company in respect of the Notes and the Carter convertible note facility are extinguished.
The Company expects to satisfy the remaining outstanding convertible notes and converible security through conversion or repayment of the outstanding amounts within the short term.
ENDS
For further information please contact:
Paige Exley For media enquiries contact: Company Secretary David Ikin – Professional Public Relations [email protected] [email protected] +61 (0) 8 6102 7724 +61 (0) 8 9388 0944
About Minbos
Minbos Resources Limited ( ASX:MNB ) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola and the adjoining areas of the far western DRC. Through its subsidiaries and joint ventures, the Company is exploring over 400,000ha of highly prospective ground hosting phosphate ore.
Minbos is focussing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola.
The Company’s strategy is to specifically target the exploration and development of low cost fertiliserbased commodities in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products.
For more information, visit www.minbos.com