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SYR — Syrah Resources News Story

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Brief: Syrah Resources To Raise Approximately A$104 Million

March 26 (Reuters) - Syrah Resources Ltd SYR.AX:

SYRAH TO RAISE APPROXIMATELY A$104 MILLION

RECEIVES STRATEGIC FUNDING PROPOSALS FROM DFC, DOE, AND AUSTRALIANSUPER

UNDER PROPOSALS, SUBSTANTIAL PORTION OF CO'S INDEBTEDNESS WOULD BE CONVERTED TO OR EXCHANGED FOR NEW SYRAH SHARES & CONVERTIBLE LOAN

UNDER PROPOSALS PRO FORMA LIQUIDITY WOULD BE UP TO US$198 MILLION

EQUITY RAISING OFFER PRICE SET AT A$0.105 PER SHARE

Further company coverage: SYR.AX

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

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