Brief: Terracom Says It Will Withdraw From All Interests In Republic Of Guinea

Terracom

16/05/2022 02:44

May 16 (Reuters) - Terracom Ltd  TER.AX :
    * COMPANY UPDATE
    * FURTHER US$10 MILLION HAS BEEN RECEIPTED UNDER PREPAYMENT
FACILITY,  REMAINING US$30 MILLION FORECAST TO BE RECEIVED ON OR
BEFORE 27 MAY
    * FOR JUNE 2022 QUARTER, BLAIR ATHOL IS STILL FORECAST TO
DELIVER
EIGHT CARGOES EQUATING TO APPROXIMATELY 650,000 TONNES
    * DUE TO DELAYS OF COAL SALES PREPAYMENT, CUSTOMER AGREED TO
PROVIDE PREPAYMENT ON AN INTEREST FREE BASIS TO CO
    * DECIDED THAT IT WILL WITHDRAW FROM ALL INTERESTS IN
REPUBLIC OF
GUINEA
    * NO LONGER SEEKING TO PROGRESS ANY OPPORTUNITIES OR
POTENTIAL
PROJECTS WITHIN THIS JURISDICTION

Source text for Eikon:  ID:nASX11nmwS 
Further company coverage:  TER.AX 

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