15th Jul 2014 08:30
15 July 2014
LP Hill Plc
("LP Hill" or the "Company")
Extension of Loan Agreement
LP Hill (AIM: LPH), the AIM listed uranium, thorium, base and precious metals and gemstones exploration and development company operating in Madagascar, announces that its pre-existing unsecured loan agreement with Irvine Securities Limited has been extended for a period of six months.
Accordingly, the outstanding unsecured term loan of £150,000 principal amount, together with accrued interest thereon, is now repayable on or before 11 January 2015. Save for the extension of the final repayment date, all other details announced on 11 July 2013 remain unaltered.
The Company intends to raise additional equity and/or debt finance in due course to ensure that that the group maintains an appropriate capital structure and is able to fund its ongoing working capital requirements and potential future development opportunities.
For further information, please contact:
LP Hill Plc | Tel: +61 8 9368 1566 |
Bernard Olivier, Executive Chairman | Mob: +61 4 0894 8182 |
Strand Hanson Limited (Nominated Adviser) | Tel: +44 (0)20 7409 3494 |
James Harris | |
Matthew Chandler | |
James Dance | |
Pareto Securities Limited (Broker) | Tel: +44 (0)20 7786 4370 |
Guy Wilkes | |
or visit: www.lphill.com.au |
-Ends-
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