A$12m Macquarie Bank Facility - Tranche 2 proceeds of A$4m received
Adelaide, June 28, 2013 AEST (ABN Newswire) - WA-focused uranium developer, Toro Energy Limited (
ASX:TOE), is pleased to announce that it has received A$4 million from the drawdown of Tranche 2 of a A$12 million convertible debt facility ("Facility") with Macquarie Bank.
As part of the Tranche 2 transaction, Macquarie Bank has been issued 35,714,286 options in Toro at an exercise price of A$0.084 per option and an expiry date of 7 March 2016.
Today's receipts complete the drawdown of the full $12m under the terms outlined in the TOE ASX announcement of 1 November 2012.
Contact
Toro Energy Limited
T: +61-8-8132-5600
F: +61-8-8362-6655
WWW: www.toroenergy.com.au
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