Crater Gold Mining Limited ABN 75 067 519 779
PO Box R607
Royal Exchange, NSW 1225
Australia Ph (02) 9241 4224
25 August 2016
Australian Securities Exchange
Market Announcements Platform Australian Securities Exchange
Crater Secures Loan Facility
Crater Gold Mining Limited ("CGN") or the ("Company") is pleased to advise that it has secured a loan facility of up to A$800,000 from the Industrial and Commercial Bank of China (Asia) Limited (ICBC, or the Bank). The ICBC loan facility is repayable on call and is guaranteed by interests associated with the Chairman, Mr Sam Chan.
In parallel with the company's current rights issue of one (1) share for every eight (8) shares held at A$0.07 (7 cents) per share to raise approximately $2,121,485, the Company has a range of complimentary fund raising routes to ensure the timely advancement of its gold projects in PNG and other projects in Australia.
Yours Sincerely,
Crater Gold Mining Limited
Heath Roberts
Company Secretary
Email: [email protected] Website: www.cratergold.com.au