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ORE RESOURCES LIMITED — Capital/Financing Update 2017
Dec 26, 2017
65504_rns_2017-12-26_cee3bdc5-5a8a-4e9c-ae5d-d52dc5094a37.pdf
Capital/Financing Update
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27 December 2017
Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
Final settlement proceeds received from Xtract Resources Plc
Highlights:
- ~A$480,000 received from the final payment of the Convertible Loan
Auroch Minerals Limited ( Auroch or the Company ) is pleased to advise it has been repaid the final balance ~A$480,000 including interest from Xtract Resources Plc ( Xtract ). The Convertible loan with Xtract with a face value of US$1,000,000 has now been repaid.
Auroch Executive Chairman commented:
“The final payment from the sale of the Manica transaction bolsters the Company’s cash position going into 2018. These funds will go toward the ongoing exploration of Auroch’s projects and also the continued evaluation of new opportunities.”
For further information visit www.aurochminerals.com or contact:
Glenn Whiddon Executive Chairman Auroch Minerals Limited
Auroch Minerals Ltd ABN 91 148 966 545 Unit 5, Ground Floor, 1 Centro Ave, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au