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On September 29, 2022, Pathfinder Minerals Plc announced it has entered into an unsecured loan agreement with an FCA authorised financial institution. This facility provides up to £120,000 for working capital, carries a simple fixed interest of 5.0 percent on drawn amounts, and is repayable by February 2, 2023.
| Date | 29 Sept 2022 |
| Time | 07:02:06 |
| Category | Acquisitions and alliances |
| ID | 0805B |
29 September 2022
Pathfinder Minerals Plc
("Pathfinder" the "Company")
Loan Agreement
Pathfinder announces that an FCA authorised financial institution has arranged for the provision to the Company of an unsecured loan facility of up to £120,000 (the "Loan") for working capital purposes.
The Loan carries a simple fixed interest of 5.0 percent on any amounts drawn down. The Loan is designed to provide the Company with access to additional working capital, should it be required, during the period of the Option Agreement (as announced earlier today) and is repayable in full (together with accrued interest) on 2 February 2023, unless extended by mutual agreement.
Enquiries:
Pathfinder Minerals Plc
Peter Taylor, Chief Executive Officer
Tel. +44 +44 (0)20 3143 6748
Strand Hanson Limited (Nominated & Financial Adviser and Broker)
James Spinney / Ritchie Balmer / Abigail Wellington
Tel. +44 (0)20 7409 3494
Vigo Consulting (Public Relations)
Ben Simons / Kate Kilgallen
Tel. +44 (0)20 7390 0234
Email [email protected]
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").