Reuters logo
BRIEF-Troy Resources Ltd updates on revolving corporate facility amended with Investec Bank
August 31, 2017 / 10:53 PM / a month ago

BRIEF-Troy Resources Ltd updates on revolving corporate facility amended with Investec Bank

Sept 1 (Reuters) - Troy Resources Ltd

* Refers to company’s revolving corporate facility as amended with Investec Bank Plc

* Advises that company is technically in breach of facility

* Advises that it has not been able to comply at all times with minimum liquidity amount balance requirement

* Troy resources says net tangible worth of co has fallen below A$100 million level which represents a breach of a financial undertaking in facility

* “At present time, company’s cash and equivalents balance is less than required a$10 million”

* Is in discussions with Investec Bank with regards to potentially amending the facility, and other, provisions of agreement Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below