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PRAIRIE LITHIUM LIMITED — Capital/Financing Update 2012
Apr 25, 2012
65572_rns_2012-04-25_5a3ba275-6055-4fc2-a2b9-1867ff9f7b88.pdf
Capital/Financing Update
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ASX RELEASE
ZYL ANNOUNCES PREFERRED DEBT-FUNDING PARTNERS
Johannesburg, South Africa. 26 April 2012. ZYL Limited ( ASX: ZYL ), the Perthbased emerging anthracite producer, has completed the initial stage of its debt funding process, and is pleased to announce that is has selected two preferred bidders for the project financing of its Mbila Anthracite Project in the KwaZulu-Natal province.
They are Standard Chartered Bank and Nedbank Capital.
Standard Chartered Bank has a presence in over 70 markets worldwide and is a global leader in the area of resources project finance. This international bank has been in Africa for 150 years, with an established network in 16 African countries, including specialised regional project finance expertise based in South Africa
Nedbank Capital is the investment banking business of the Nedbank Group, one of the four largest banking groups in South Africa. Its Resources Finance team has emerged as a formidable mining finance force, with the team having arranged, underwritten and participated in a number of significant transactions around the world.
Both banks have been involved with a number of significant coal industry transactions in recent years.
ZYL Chief Executive Officer Ian Benning said: “We are greatly encouraged by the competitive character of the funding proposals received, and are delighted to be associated, going forward, with the two high-calibre institutions selected.
“Both banks have provided indicative proposals of between A$60-75 million, and ZYL will work with each towards development of mutually acceptable funding terms.”
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Corporate Office:
Level 8, 225 St Georges Terrace, Perth 6000,Western Australia Tel: +61 8 9486 4036 Email: [email protected] PO Box 7653, Cloisters Square, Perth 6850, Western Australia Fax: +61 8 9486 4799 Web: www.zyllimited.com.au
Contact:
Ian Benning, CEO, ZYL Limited
T: +27 (0) 87 350 2751 M: +27 (0) 83 702 8221
Phillipe Lalieu, Commercial Director, ZYL Limited
T: +27 (0) 11 245 9800 M: +61 (0) 83 455 6867 E: [email protected]
Media - South Africa
James Duncan, Russell and Associates
T: +27 (0) 11 880 3924 M: +28 (0) 82 892 8052 E: [email protected]
Media - Australia
Annette Ellis, Purple Communications T: +61 (0) 8 6314 6300 M: +61 (0) 458 200 039 E: [email protected]
About ZYL Limited
ZYL Limited is listed on the Australian Securities Exchange (ASX) and aims to become one of the world’s leading anthracite coal producers. The mission of ZYL is to develop high-margin metallurgical coal deposits for domestic and export markets. Flagship projects are the Mbila and Kangwane projects in South Africa, located close to rail, port, power and water infrastructure.
Important information
The information in this announcement is an overview and does not contain all information necessary to make an investment decision. To the extent permitted by law, no representation or warranty, express or implied, is made as to the accuracy, adequacy or reliability of any statements, estimates or opinions or other information contained in this announcement, any of which may change without notice. This document is not a prospectus, disclosure document or offering document under Australian law or under any other law. It does not constitute an offer or invitation to apply for securities. It is for information purposes only. This announcement is not an offer of securities for subscription or sale in the United States or any other jurisdiction in which such an offer or solicitation is not authorised or to any other person to whom it is unlawful to make such an offer or solicitation. Some of the information contained in this announcement constitutes forward-looking statements that are subject to various risks and uncertainties, not all of which may be disclosed. These statements discuss future objectives or expectations concerning results of operations or financial condition or provide other forward-looking information.
Prospective investors should make their own independent evaluation of an investment in the securities. The material contained in this document does not take into account the investment objectives, financial situation or particular needs of any particular investor. No recommendation to investors regarding the suitability of the securities has been made and the recipient must make its own assessment and/or seek independent advice on financial, legal, tax and other matters, including the merits and risk involved. This announcement and its contents have been distributed to you, in confidence, solely for your information and may not be retransmitted or otherwise reproduced or disclosed to third parties or made public in any way, in whole or in part, for any purpose without written permission.
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