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Sumatra Copper & Gold PLC (SUM.AX)

SUM.AX on Australia Stock Exchange

30 May 2017
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$0.00 (+11.11%)
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Latest Key Developments (Source: Significant Developments)

Sumatra Copper & Gold updates on damage to underground drill rig
Sunday, 4 Dec 2016 05:10pm EST 

Sumatra Copper & Gold Plc : Asx alert-damage to underground drill rig-sum.ax . Advises that damage was sustained to one of underground jumbo drill rigs at its tembang gold-silver operation . There will be short term impact on production from interim bcf ore drives . A large quantity of perched water was encountered following blasting of level6 east ore drive on Dec 2 . Expected that there should not be any effect on 2017 production guidance due to damage .Currently estimated that single boom jumbo will be out of service for up to six weeks.  Full Article

Sumatra Copper & Gold and unit agree terms with lenders
Thursday, 24 Nov 2016 10:06pm EST 

Sumatra Copper & Gold Plc : Company, and unit PT Dwinad Nusa Sejahtera has agreed terms with its lenders and major shareholders . Provident minerals and PT Saratoga Investama Sedaya Tbk, agreed to take-up any shortfall in initial equity raise and major equity raise .Terms to amend existing US$45 million senior secured debt facility and convertible notes that will lower cost and amount of debt.  Full Article

Sumatra Copper & Gold enters into agreement to issue 5 mln convertible notes
Tuesday, 15 Dec 2015 05:44pm EST 

Sumatra Copper & Gold PLC:US$5 million working capital for tembang.Entered into an agreement with the noteholder to issue 5 million convertible notes each with a face value of US$1.00.Says maturity date of the facility is 10 November 2017.  Full Article

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