Appendix 2A: Application for quotation of +securities
STRONG END TO YEAR
Stanmore Coal has entered into a marketing services agreement with M Resources Trading Pty Ltd (M Resources).
M Resources Trading Pty Ltd is an independent Brisbane based marketing services and trading company bringing a wealth of experience to support Stanmore in its pursuit to continuously improve value generation from its asset portfolio.
M Resources and its owner, Matt Latimore, are substantial shareholders of Stanmore, creating strategic alignment towards shareholders goals.
Appendix 2A - Application for quotation of +securities
Appendix 3G - Notification of issue, conversion or payment up of equity +securities
The Board advises it has been given formal notice by Taurus Mining Finance Fund LP and Taurus Mining Finance Annex Fund LP (Taurus) to cancel the bonding facility and undrawn working capital facility with effect from 16 September 2020 (“Cancellation Date”), following the change of control of the Company.
Effective today, no further drawdowns are available and outstanding commitments are to be repaid by the Cancellation Date.
The Company has also signed a non-binding term sheet with its parent entity, Golden Energy and Resources Limited (GEAR), in respect of a US$40 million term loan facility, on terms substantially similar to those entered into with existing financier, Taurus.
The Board of Stanmore Coal is please to announce the appointment of Tristan Garthe as Company Secretary.
The Board of Stanmore Coal is pleased to announce the appointment of Mr Frederick Kotzee as Interim Chief Financial Officer of the Company.
A recruitment process has commenced for the permanent Chief Financial Officer and Company Secretary role at the Company, and during this transition period Mr Kotzee will work with Mr Ian Poole to ensure an orderly transition of the role.
All company announcements can be found on the ASX website at www.asx.com.au.