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VAULT MINERALS LIMITED — Capital/Financing Update 2012
Oct 7, 2012
65991_rns_2012-10-07_29bbe854-839e-40c2-806c-84ed0be92b3d.pdf
Capital/Financing Update
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Red5Limited ABN 73 068 647 610
ASX report to ShAreholderS
8 october 2012
Red5 limited
is a publicly listed company on the ASX - ticker symbol RED
The Board strategy continues to focus on the development of Siana gold mine.
Sprott facility drawdown
the Company has drawn down in full the US$8.0 million senior secured facility from Sprott resource lending partnership.
The single drawdown facility is non-revolving and may be repaid at any time within the next year without incurring early payment penalties. The interest rate, which is commercial-in-confidence, is standard for this type of arrangement.
At the time of draw down, the Company treasury cash position was $5.3 million (unaudited) plus bullion awaiting shipment and current liabilities (principally the last capital cost close out invoices) of $4.2 million.
the Sprott proceeds will be used for general working purposes on the Siana project.
Inquiries regarding this report and company business may be directed to:
Greg edwards Managing Director
Greg edwards
Managing Director (office) +63 2 807 2790 (mob) +61 408 370 582, or
Joe Mobilia
Chief Financial Officer (office) +61 8 9322 4455 (mob) +61 404 041 482
Investor Inquiries: [email protected]
Address & Registered Office: Level 2, 35 Ventnor Avenue West Perth 6005 Western Australia Tel: (+61) 8 9322 4455 Fax: (+61) 8 9481 5950 Web: www.red5limited.com
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