Actualización adicional sobre fondos pendientes
Regulación de abuso de mercado ("MAR") Divulgación
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), y se divulga de acuerdo con las obligaciones de la Compañía bajo el Artículo 17 del MAR.
14 de marzo de 2024
Bushveld Minerals Limited
("sabana" o la "Empresa")
Actualización adicional sobre fondos pendientes
Bushveld Minerals Limited (AIM: BMN), the primary vanadium producer, announces that the Company has received a further ZAR56.3 million (~US$3.0 million) en Southern Point Resources' ("SPR"), as a loan on an interest-free basis. The Company has now been loaned the full amount due of US$12.5 million on an unsecured, non-refundable, interest-free basis by SPR (the "Loan").
The Loan will be settled once either SPR provides Bushveld with the US$12.5 million subscription monies in the United Kingdom, pursuant to the SPR subscription agreement (the "Subscription Agreement"), or through an alternative South African Reserve Bank ("SARB") approved settlement structure. The monies received today have been paid from SPR's bank account in South Africa to Bushveld's bank account in South Africa. Exchange laws in South Africa require SARB approval to remit local funds offshore, being the complicating factor.
The Company remains engaged with SPR whilst SPR completes the formalities to finalise the Subscription Agreement. The subscription monies owed to Bushveld remain classified as a short-term receivable on the balance sheet but are offset by the same amount as a short term payable in a subsidiary until such time as the loan is settled.
Craig Coltman, CEO of Bushveld Minerals commented:
"The receipt of this cash enables the Company to reduce creditor balances whilst we continue to implement the necessary initiatives to improve operational performance at Vanchem and Vametco."
Consultas: GME@dhr-rgv.com
Bushveld Minerals Limited | +27 0 11 268 6555 | |
craig coltman, Director Ejecutivo | ||
chika edeh, Jefe de Relaciones con Inversores | ||
SP Ángel Finanzas Corporativas LLP | Asesor designado y conjunto Broker | +44 0 20 3470 0470 |
Richard Morrison / charlie boverat |
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Grant Barker / Richard Parlons |
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Hannam y socios | Conjunto Broker | +44 0 20 7907 8500 |
Andrew Chubb / Matt Hasson / Jay Ashfield |
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Tavistock | PR financiera | +44 0 207 920 3150 |
Gareth Tredway / Tara Vivian-Neal / James Whitaker |
EXTREMOS
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a primary vanadium producer, it is one of only three operating primary vanadium producers. Bushveld has a diversified vanadium product portfolio serving the needs of the steel, energy and chemical sectors.
Se puede acceder a información detallada sobre la Compañía y el progreso hasta la fecha en el sitio web www.bushveldminerals.com
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