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THE WATERBERG COAL COMPANY LTD - Group Financing Update

Release Date: 09/04/2015 09:19
Code(s): WCC     PDF:  
Wrap Text
Group Financing Update

The Waterberg Coal Company Limited
(Incorporated in Australia)
(Registration number ABN 64 065 480 453)
ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
(“WCC” or “the Company”)

GROUP FINANCING UPDATE

On 16 March 2015 The Waterberg Coal Company Limited (Group or Company) 
advised the market that the funding facility (Facility) made available 
to the Company by The Standard Bank of South Africa Limited (SBSA) 
(as Facility Agent) is due for repayment on 9 April 2015.

As advised at that time, the Company has also been in discussion with 
certain other funding agencies with respect to the Group’s overall funding 
requirements for both the proposed Export Project and also to retire current 
Group indebtedness, including the facility with SBSA.

With respect to the facility with SBSA, the Company wishes to advise that it 
has been in discussions with SBSA in respect of arrangements for a proposed 
“refinancing” of the current facility to be funded by a third party.

The third party discussions are in process and SBSA has advised that they 
intend to maintain the Facility as “on demand”, rolling on a daily basis, 
to give these discussions time to progress. Should these circumstances change 
the Company will immediately notify the market.

The current voluntary suspension of the Company’s securities remains on foot 
until further advice or relative information is received and the market updated 
accordingly.

Stephen Miller
Executive Director and CEO
The Waterberg Coal Company Limited

9 April 2015

JSE Sponsor
The Standard Bank of South Africa Limited

Registered office:
Level 2, 1 Walker Avenue West Perth, Western Australia 6005
Australia
Tel:+61 8 9485 0888
Fax: +61 8 9485 0077

South African office:
Level 1, The Place,
1 Sandton Dr
Sandton, 2146
South Africa
Tel: +27 10 594 2240
Fax: +27 10 594 2253

Contact:
Mr Stephen Miller
Executive Director/CEO

Or

Investor relations in South Africa:
Lawrie Mackintosh
Tel: +27 10 594 2240
E-mail:
info@waterbergcoal.com.au

Directors:
Dr Mathews Phosa (Chairman)
Stephen Miller
(Executive Director and CEO)
Lee Boyd
(Director and Company Secretary)

Date: 09/04/2015 09:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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