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PEAKO LIMITED — Capital/Financing Update 2012
Mar 18, 2012
65567_rns_2012-03-18_3566fa9a-5479-4131-a71e-73e73a936434.pdf
Capital/Financing Update
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19 March 2012
CADLAO FUNDING UPDATE
Further to previous advice of Raisama Energy Limited (ASX:RAI) (“Raisama" or "Company”) regarding the availability of the Company’s USD 30 million debt finance facility (“Facility”), arranged through Legavi Holdings Inc ("Legavi"), Legavi has provided written advice of counterparty approvals for the Facility and reiterated that drawdown availability will result following the completion of the customary internal banking processes which are currently taking place.
These processes have resulted in a slight delay to the forecast timeline, however Legavi is confident that drawdown will be available in the very near term which will enable the Company to progress the Cadlao Redevelopment Project rapidly towards a Final Investment Decision (“FID”) later this month, or early April 2012, following the completion of joint venture processes.
For further information please contact:
www.raisama.com.au [email protected] Jeff Steketee, Managing Director +61 8 6143 1800 Ian Howarth, Investor Relations +61 407 822 319
Raisama Energy Limited ABN 79 131 843 868 Suite 1, 16 Ord Street, West Perth WA 6005 PO Box 1255 West Perth WA 6872 t +61 8 6143 1800 f +61 8 6143 1818 e [email protected] w www.raisama.com.au