SUMATRA COPPER & GOLD PLC
Registered No. 5777015
ASX Announcement: 21 September 2016
VAT Financing Facility Update
As stated in its 2016 Half-Year Financial Report ("Half-Year Report") Sumatra Copper & Gold plc ("the Company") has signed an offer of a VAT Financing Facility ("VAT Facility") of up to 60 billion Rupiah (or its equivalent in US dollars) with an Asian bank operating in Indonesia. Final documentation for the VAT Facility is substantially complete and is expected to be executed by the end of September 2016.
In order to provide interim funding to the Company pending finalisation and drawdown of the VAT Facility, the Company's major shareholders, Provident Minerals Pte Ltd and PT Saratoga Investama Sedaya Tbk, have agreed to extend the terms of the existing Working Capital Facility Agreement (ASX Announcement 16 June 2016) to create a long term loan and have provided a further US$1 million under the Working Capital Facility Agreement.
For further information please contact:
David Fowler Phil Retter
Managing Director Investor Relations
Sumatra Copper & Gold plc NWR Communications
+61 8 6298 6200 M: +61 407 440 882
[email protected] [email protected]
About Sumatra Copper & Gold plc
Sumatra Copper & Gold plc (ASX: SUM) is a gold and silver producer and precious metals explorer in southern Sumatra, Indonesia. The Company's flagship asset is its Tembang gold-silver mine, currently in production. The Company also has an extensive exploration portfolio with projects ranging from brownfield, near-production opportunities to strategically located greenfield holdings.
Directors
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Steve Robinson
Non-Executive Chairman
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Jocelyn Waller
Non-Executive Director
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Gavin Caudle
Non-Executive Director
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David Fowler Managing Director
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Adi Sjoekri Executive Director
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Contact
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Level 1, 5 Ord Street West Perth WA 6005 Western Australia T: + 61 8 6298 6200
E: [email protected]
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Registered address 39 Parkside, Cambridge
United Kingdom CB1 1PN Registered Number 5777015 ASX Code: SUM
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Web: www.sumatracoppergold.com
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