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BRIEF-Tawana Resources Announces Finalisation Of $40 Mln Funding Package & Merger Update

Published 31/10/2018, 07:38 pm
© Reuters.  BRIEF-Tawana Resources Announces Finalisation Of $40 Mln Funding Package & Merger Update
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Oct 31 (Reuters) - Tawana Resources NL TAW.AX :

* FINALISATION OF $40 MILLION FUNDING PACKAGE AND MERGER UPDATE

* PART OF PROCEEDS FROM DRAW DOWN ON FIRST TRANCHE OF $20 MILLION WILL BE USED TO REPAY $5 MILLION LOAN FROM RED COAST INVESTMENT LIMITED

* NOW IN A POSITION TO FINALISE SUPPLEMENTARY DISCLOSURE REQUIRED IN CONNECTION WITH MERGER

* WILL SEEK APPROVAL OF PROPOSED SUPPLEMENTARY DISCLOSURE AT A FEDERAL COURT HEARING SET DOWN FOR 8 NOVEMBER 2018

* SECOND TRANCHE OF $20 MILLION REMAINS CONDITIONAL UPON COMPLETION OF MERGER AND ALLIANCE RECEIVING CONDITIONAL ASX LISTING APPROVAL

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