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| Home : Kimber Extends Repayment of Debt to Sprott Resource Lending to December 28, 2013 |
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Jun 18
2013 |
Kimber Extends Repayment of Debt to Sprott Resource Lending to December 28, 2013 |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 18, 2013) - Kimber Resources Inc. (NYSE MKT:KBX)(TSX:KBR) (the "Company" or "Kimber") announces that it has notified Sprott Resource Lending Partnership ("SRLP") that it is exercising its right to obtain a six month extension of the maturity date of its $5 million loan credit facility with SRLP announced on July 18, 2012 (the "Credit Facility") by the issuance to SRLP of common shares of the Company having a value of $150,000 (the "Extension Shares"). The number of Extension Shares issued to SRLP will be determined by dividing $150,000 by the 5-day volume weighted average price of the Company's shares on the TSX for the five trading days preceding June 28, 2013, the date on which the Extension Shares are required to be issued to SRLP. As a result of such extension, the new maturity date of the Credit Facility will be December 28, 2013. |
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| Source:http://www.marketwire.com/mw/release.do?id=1802984&sourceType=3 |
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