Dover Harcourt PLC

Dover Harcourt PLC Company Announcement

RNS Number : 6519A
Dover Harcourt PLC
30 September 2020
 

Official Announcement

 

 

Dover Harcourt Plc (the "Issuer")

Series Announcement

 

Dover Harcourt Plc 2020-F1 EUR Secured 10% NTS due 2025 ISIN GB00BM94NS57 (together, the "2020-F1 Notes")

 

 

The Issuer announces a delay in the listing of the 2020-F1 Series of Notes until 12 October 2020.  

 

The Issuer has revised the terms following discussions with cornerstone investors; the notes will have a tenor of five years with a call option after year 3.

 

The Five Year Notes will be secured over 3,000 hectares of mining tenures in the Cariboo Region of British Columbia, Canada which is near to currently producing gold mining activity.  Three Red Trees Holdings Limited will manage the process of pre-production evaluation, issue of 43-101 reports and the development of the gold assets on behalf of the Issuer.  Dentons has been retained to act for the Issuer for matters of Canadian law.

 

The 2020-F1 Notes are to be listed on the Frankfurt Stock Exchange.

 

Capitalised terms used but not defined herein have the meaning given to them in the terms and conditions of the 2020-F1 Notes as set out in the Pricing Supplement/Listing Particulars dated 25 August 2020 relating to the 2020-F1 Notes.

 

 

Notes to editors

 

Bedford Row Capital PLC

 

Bedford Row Capital is an award-winning provider of global structured securities solutions which includes the issuance of investment grade bonds, senior secured conventional debt, short dated notes, delta-one trackers and Shari'a compliant certificates.

 

The use of standard settlement infrastructure, combined with Bedford Row's proprietary information systems, offers an innovative level of transparency and security for both issuers and investors.

 

In a fast-growing market, Bedford Row is ranked inside the top 100 originators and one of the leading non-banks in the market.

 

[email protected]

www.bedfordrowcapital.com

 

About the Issuer

 

[email protected]

www.doverharcourt.com

 

 

Three Red Trees [TRT] Holdings Limited

 

The TRT corporate activities includes

 

(i) Identification, acquisition, verification and subsequent

(ii) exploitation of the gold bearing tenures via environmentally conscious alluvial and mineral mining (no leeching / high corrosive chemicals) on the proven gold claim properties.

(iii) Additional income streams result from our ability to outright sell our gold property assets due as per valuation via Competent Persons' Report; TRT also re-lease proven gold property(s) to 3rd party mining parties with royalty revenues; Last but not least, TRT enters into off-take agreements to ensure consistent cash flow as per minerals extracted.

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