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United States

Sumatra Copper & Gold PLC (SUM.AX)

SUM.AX on Australia Stock Exchange

0.04AUD
29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

Sumatra Copper & Gold plc announces appointment of David Fowler as managing director
Monday, 13 Apr 2015 06:23pm EDT 

Sumatra Copper & Gold plc:Says that David Fowler has been appointed managing director of the company effective immediately.Fowler has been acting-CEO since Dec. 15, 2014, and prior to that had been chief financial officer of the company since July 2013.  Full Article

Sumatra Copper & Gold plc announces equity placement of A$5.1 million
Wednesday, 25 Mar 2015 06:24pm EDT 

Sumatra Copper & Gold plc:Says that it has received irrevocable and firm commitments to raise about A$5.1 million (equivalent to $4.0 million at an exchange rate of 0.78) by way of placement of CHESS Depositary Interests (CDIs) in the company (CDI Placement) to professional and sophisticated investors.Under terms of CDI Placement the company will issue 88,521,828 CDIs, representing about 13 pct. of total CDIs on issue subsequent to issue of pPlacement CDIs, at a price of A$0.058 per CDI.Intends to use net proceeds of funds raised from CDI Placement for purposes of construction and development of the company's Tembang Gold-Silver Project, associated working capital requirements and extensional exploration at Tembang.  Full Article

Sumatra Copper & Gold plc announces retirement of Managing Director
Monday, 15 Dec 2014 08:00pm EST 

Sumatra Copper & Gold plc:Says that Julian Ford has informed the company of his decision to retire as Managing Director.Says David Fowler, currently CFO, has been appointed Acting CEO.  Full Article

Sumatra Copper & Gold plc announces $45 million facility for Tembang Gold Project
Tuesday, 21 Oct 2014 09:00pm EDT 

Sumatra Copper & Gold plc:Says that on Oct. 10, 2014 its wholly owned subsidiary, PT Dwinad Nusa Sejahtera has signed a senior secured debt facility of up to $45 million with Nomura Singapore Limited and Indonesia Eximbank.The Facility is to fund the commercial development of its Tembang Gold Project located in southern Sumatra, Indonesia.The key terms of the Facility includes $45 million Senior Secured Term Debt Facility.An initial tranche of $40 million will be available for drawdown within 30 days of signing documentation.A second tranche of $5 million will be available to be drawn on the date of practical completion of the process plant, provided that completion takes place within 12 months of the date of drawdown of Tranche.  Full Article

Sumatra Copper & Gold PLC announces finance facility for Tembang gold project of up to $45 million
Thursday, 9 Oct 2014 05:29pm EDT 

Sumatra Copper & Gold PLC:Says that further to its announcement on Sept. 12, that its wholly owned subsidiary, PT Dwinad Nusa Sejahtera, has achieved credit approval with lead arrangers Nomura Singapore Ltd and Indonesia Exim Bank.For senior secured debt facility of up to $45 million to fund the commercial development of its Tembang Gold Project, located in southern Sumatra, Indonesia.Facility will have three-year term.Interest rate of 7.5 pct. increasing to 10 pct. after 18 months with redemption premium at end of loan period.  Full Article

Sumatra Copper & Gold PLC does not declare dividend
Friday, 12 Sep 2014 04:59am EDT 

Sumatra Copper & Gold PLC:Says no dividends have been paid or provided for during the half-year ended June 30.  Full Article