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BRIEF-Paramount Mining corp says unit enters into unsecured convertible Drawdown Facility agreement

Published 29/01/2016, 07:57 pm
© Reuters.  BRIEF-Paramount Mining corp says unit enters into unsecured convertible Drawdown Facility agreement

Jan 29 (Reuters) - Paramount Mining Corporation Ltd PCP.AX :

* Gunung rosa advances with finance facility PCP.AX

* Paramount mining corporation - subsidiary paramindo Singapore entered

unsecured three-year convertible drawdown facility agreement

* Enable US to resume drilling to upgrade the jorc resource"

* Says facility agreement of USD3 million

* Paramount mining corp - facility will fund critical stages in development of

the gunung rosa gold, silver and base metal project in west java, Indonesia,

* Says maturity date is 3 years from the date of the facility agreement

* Source text for Eikon ID:nASX3rHGNN

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