SUM 3.03% 16.0¢ summit minerals limited

News: SUM Sumatra Copper & Gold receives commitments to raise about A$3.46 mln

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    Jan 27 (Reuters) - Sumatra Copper & Gold Plc (SUM)

    • Asx alert-initial equity raise under amended finance facility and spp
    • Received irrevocable commitments to raise approximately a$3.46 million
    • Also received irrevocable applications for a total of 410.5 million CDIs from debt providers
    • Proceeds of equity raise to be used to repay $2.5 million of existing working capital facility with co's major shareholders
 
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