/KASE, January 9, 13/ - JSC "Brokerage house "JAZZ CAPITAL" (Almaty), the
admittance initiator for common shares GB00B29KHR09 (KASE official list, third
category, GB_SKRS) of SUNKAR RESOURCES PLC (London), has provided
Kazakhstan Stock Exchange (KASE) with the following operational report of
SUNKAR RESOURCES PLC dated January 4, 2013:
quote
Sunkar Resources plc. (AIM: SKR) announces the following operational update.
AsiaCredit Bank ("ACB") Credit Line
AsiaCredit Bank, a commercial bank registered in Kazakhstan, has approved a
credit line (the "Loan") for the Company's wholly owned subsidiary, Temir Service
LLP ("Temir"). ACB's Loan provides up to USD 3.0 million in debt financing for a
term of up to 3 years. The Loan bears interest at a rate of 9.5 per cent. per
annum, payable monthly, during the term of the Loan.
Sunkar intends to use the Loan to fund the Company's working capital and to
repay, in full, the outstanding debt amount of USD 1,749,000 to ATF Bank
Kazakhstan ("ATF"). The Company is pleased to confirm that the repayment of the
loan to ATF has now completed and therefore the Company and ATF are now in the
process of completing requisite documentation.
Accordingly, the Company's cost of bank borrowing has reduced from 14 per cent.
to 9.5 per cent. per annum.
unquote
The mentioned report is available on KASE website, at:
-
http://www.kase.kz/files/emitters/GB_SKRS/gb_skrs_reliz_090113.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GB_SKRS/gb_skrs_reliz_090113_en.pdf - in
English.
[2013-01-09]