Wolf Minerals Limited Funding Position Update (3896D)
09 October 2018 - 6:07PM
UK Regulatory
TIDMWLFE
RNS Number : 3896D
Wolf Minerals Limited
09 October 2018
9 October 2018
Wolf Minerals Limited
("Wolf" or the "Company")
Funding position update
Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM:
WLFE) (Wolf or the Company) refers to its recent announcements in
relation to its financing arrangements and the standstill
arrangements with the Company's existing senior lenders.
As announced on 30 July 2018, the Company has been working with
its key financial stakeholders to develop longer term funding
solutions required to provide the Company with capital prior to the
expiry of the standstill period on 28 October 2018, to progress
further production improvements.
The Company's discussions with those stakeholders are ongoing
and the Company expects to conclude those discussions this week,
following which a further announcement will be made. However,
should the Company not be able to satisfactorily conclude its
discussions with those stakeholders within the next two days, it
will not be in a position to meet its short term working capital
requirements after that point in time.
The Company's shares remain suspended from trading on ASX in
accordance with ASX Listing Rule 17.2 pending the release of an
announcement regarding finalisation of its audited annual financial
statements and Annual Report for the year ended 30 June 2018.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
ENDS
Wolf Minerals Limited
Richard Lucas + 44 (0) 17 5239 3235
Numis Securities (Nomad & Broker)
John Prior / James Black / Paul
Gillam +44(0)20 7260 1000
Newgate
Adam Lloyd +44 (0) 20 7653 9850
About Wolf Minerals
Wolf Minerals is a dual listed (ASX: WLF, AIM: WLFE) specialty
metals producer. In late 2015, Wolf Minerals completed the
development of a large tungsten resource at its Drakelands Mine,
located at Hemerdon, in southwest England.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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