Fox Marble Holdings PLC Issue of Convertible Loan Note (6523J)
30 June 2017 - 4:00PM
UK Regulatory
TIDMFOX
RNS Number : 6523J
Fox Marble Holdings PLC
30 June 2017
AIM: FOX 30 June 2017
Fox Marble Holdings plc
("Fox Marble" or the "Company")
Issue of Convertible Loan Note
Fox Marble, the AIM listed company focused on marble quarrying
and finishing in Kosovo and the Balkans region, is pleased to
provide the following update to the market.
The Company confirms that it has issued a new convertible loan
note with a value of GBP440,000 ("Series 3 Loan Note") to a non
related party. This new Series 3 Loan Note has an interest rate of
8%, in line with the Series 1 Loan Note issued to Amati Global
Investors Limited. The Loan Note is due for conversion or repayment
on 31(st) August 2019 with a conversion price set at 10p.
Chris Gilbert, CEO, commented:
"This new convertible gives us flexibility during this
turnaround year as we generate more revenue from the sales of our
marble worldwide."
For more information on Fox Marble please visit
www.foxmarble.net or contact:
Fox Marble Holdings
plc
Chris Gilbert, Chief Tel: +44 (0)
Executive Officer 20 7380 0999
Cairn Financial Advisers
LLP (Nomad) Liam Tel: +44 (0)
Murray 20 7213 0883
Brandon Hill Capital
(Broker)
Oliver Stansfield Tel: +44 (0)
20 3463 5000
Yellow Jersey PR
Felicity Winkles Tel: +44 (0)
Francesca Hillier 77 4884 3871
Tel: +44 (0)
7708 400 470
Notes to Editors
Fox Marble Holdings Plc is an AIM quoted natural stone
extraction Company operating in Kosovo and the Balkans region, with
headquarters in the United Kingdom.
The Company has been granted mining licences in relation to six
separate marble quarries and completed a maiden JORC resource
indicating an in-situ valuation of approximately Euro 16.5 billion.
Established in 2011, Fox Marble has access to over 300 million
cubic metres of premium quality marble.
Fox Marble also has rights to extract marble from the Drini and
Malesheva quarries, both in Kosovo and from the Prilep Quarry in
Macedonia.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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