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TERRACOM LIMITED — Capital/Financing Update 2014
Oct 30, 2014
65910_rns_2014-10-30_34db8003-f832-4e96-aca9-b800ee5e0fa2.pdf
Capital/Financing Update
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Level 7, 490 Upper Edward Street Spring Hill QLD 4000 Telephone: 07 3005 1533 www.guildfordcoal.com.au
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31 October 2014
ASX Announcement
Confirmation of Intention to Exercise Unlisted Options
Guildford Coal Limited ( Guildford or the Company ) (ASX: GUF) is pleased to announce it has received confirmation from Maiora Asset Management Pte Ltd ( Maiora ) that Maiora intends to exercise 73,500,000 of the 77,300,446 unlisted options issued to Maiora on 7 August 2014 at $0.06.
This will result in Guildford receiving $4,410,000 from Maiora by 7 November 2014.
Guildford’s Managing Director, Peter Kane, said the ongoing commitment shown by Maiora was welcome news for the Company. “We are excited by Maiora’s decision. The funds will support the Company’s continued ramp-up of production at the BNU Mine.”
For further information please contact Peter Kane, Group Managing Director on +61 7 3005 1533.
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Peter Kane
Group Managing Director
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Guildford Coal Limited ABN 35 143 533 537 Level 7, 490 Upper Edward Street, Spring Hill, QLD, 4000 Tel: +61 (7) 3005 1533 Fax: +61 (7) 3834 3385 [email protected]