Bens Creek draws additional working capital from largest shareholder

(Alliance News) - Bens Creek Group PLC announced on Tuesday that it has drawn additional ...

Alliance News 26 March, 2024 | 1:39PM
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(Alliance News) - Bens Creek Group PLC announced on Tuesday that it has drawn additional financing to cover the requirements of its North American mining projects.

The London-based miner said it drew a further USD1.3 million under its working capital facility with its largest shareholder, Avani Resources Pte Ltd.

Following this, the full USD10 million outlined in the agreement with the Singapore-based commodities trader has been drawn by the company ahead of coal deliveries to Avani in April 2024.

Shares in Bens Creek were down 15% to 1.70 pence in London on Tuesday afternoon.

By Elijah Dale, Alliance News reporter

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Bens Creek Group PLC

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