Brief: Black Cat Syndicate Says Equity Placements With Mingjin And Southeast Mingqing Terminated

Black Cat Syndicate

15/03/2024 02:22

March 15 (Reuters) - Black Cat Syndicate  BC8.AX :
    * EQUITY PLACEMENTS WITH MINGJIN AND SOUTHEAST MINGQING
TERMINATED
BY MUTUAL AGREEMENT
    * REPLACED ITS A$60M FUNDING PACKAGE TO ADVANCE VISION OF
BEING
DOMINANT PLAYER IN 3 PROLIFIC GOLD DISTRICTS
    * ENTERED INTO AGREEMENTS WITH SUNDY
    * SUNDY WILL PROVIDE A TOTAL OF A$45M TO RESTART PAULSENS
    * A$15M SECURED DEBT FACILITY SPECIFICALLY HAS CAUSED DELAYS
IN
ODI APPROVAL PROCESS AND HAS BEEN TERMINATED
    * ENGAGING LOCAL DEBT PROVIDERS FOR FACILITY FOR DRAWN UPON
RECEIPT OF A$30M PLACEMENT TO SUNDY
    * SUBJECT TO SHAREHOLDER & REGULATORY APPROVALS, SUNDY WILL
BECOME
40% SHAREHOLDER IN CO

Further company coverage:  BC8.AX 

 ((Reuters.Briefs@thomsonreuters.com;))