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Pallinghurst Resources Limited – Market Announcement
HAMILTON, Bermuda – 22 April, 2014 – In a filing with the Bermuda Stock Exchange (“BSX”), Pallinghurst Resources Limited (the “Company” or “Pallinghurst”; Ticker: PALLRES.BH), announced it was issuing a US$15 million working capital facility to Gemfields. The filing states:
“Pallinghurst has agreed to provide a US$15 million, twelve month working capital facility (the “Facility”) to Gemfields plc, in line with the Company’s strategy of providing support to its investment companies.
The Facility is repayable in cash, together with accrued interest, on 30 April 2015. There are no penalties for early repayment. The Facility has an interest rate of 3 month USD LIBOR plus 4.5% per annum and an arrangement fee of 2%.
Entering into the Facility has not had an immediate effect on Pallinghurst’s Net Asset Value.”
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For more information visit the Company's web-site at http://www.pallinghurst.com
Contact BSX Listing Sponsor:
Mrs. Kim Gibson
Clarien BSX Services Ltd. (441) 294-2471