Loan Agreement

RNS Number : 0805B

Pathfinder Minerals Plc

29 September 2022

 

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  [phone]

Strand Hanson Limited (Nominated & Financial Adviser and Broker)

James Spinney / Ritchie Balmer / Abigail Wellington

Tel. [phone]

Vigo Consulting (Public Relations)

Ben Simons / Kate Kilgallen

Tel. [phone]

Email [e-mail]

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").

 

END

 

 

AGRSEFESAEESEDU