Herencia Resources Secures USD120,000 Loan From Shareholders

LONDON (Alliance News) - Herencia Resources PLC said Tuesday that it has secured USD120,000 from ...

Alliance News 4 December, 2018 | 1:42PM
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LONDON (Alliance News) - Herencia Resources PLC said Tuesday that it has secured USD120,000 from two shareholders.

The company said shareholders Australian Special Opportunity Fund and Oriental Darius Co. Ltd has agreed to advance USD60,000 each to the company by way of a secured convertible facility with a face value of USD144,000, the agreed amount to be repaid by the company over the 24 month term of the agreement.

The Chile focused exploration company said the funding will be sufficient to end of January 2019 and the company's working capital position continues to be constrained.

Shares in Herencia were trading 1.5% higher at 0.028 pence each.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Herencia Resources PLC 0.03 GBX 0.00 -
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