KMR Kenmare Resources Plc

 
TIDMKMR 
 
 
   Kenmare Resources plc ("Kenmare" or "the Company") 
 
   16 December 2013 
 
   Corporate Loan Facility Extension 
 
   In announcements made on 10 October 2013, Kenmare noted that it intended 
to apply part of the placing proceeds against a US$40 million corporate 
loan facility from Absa Bank Limited ("Absa"), a member of Barclays, and 
that it was in discussion with Absa regarding an extension of US$20 
million of this loan facility to March 2015. 
 
   As a result of an amendment to the loan facility effective today, Absa 
has extended US$20 million of the facility to 31 March 2015. US$20 
million was repaid in November, as planned. The amended US$20 million 
facility permits for amounts drawn under it to be repaid and redrawn 
prior to the maturity date. 
 
   The facility extension provides Kenmare with additional working capital 
flexibility. 
 
   For further information, please contact: 
 
   Kenmare Resources plc 
 
   Michael Carvill, Managing Director 
 
   Tel: +353 1 671 0411 
 
   Mob: + 353 87 674 0110 
 
   Tony McCluskey, Financial Director 
 
   Tel: +353 1 671 0411 
 
   Mob: + 353 87 674 0346 
 
   Virginia Skroski, Investor Relations Manager 
 
   Tel: +353 1 671 0411 
 
   Mob: + 353 87 739 1103 
 
   Murray Consultants 
 
   Joe Heron 
 
   Tel: +353 1 498 0300 
 
   Mob: +353 87 690 9735 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Kenmare Resources via Globenewswire 
 
   HUG#1749947 
 
 
  http://www.kenmareresources.com/ 
 

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