News: MRG Murray River Organics Says Murray River Organics Group To Amend Existing Facility With NAB

Dec 27 (Reuters) - Murray River Organics Ltd (MRG) :

• MURRAY RIVER ORGANICS GROUP LIMITED AGREES AMENDMENT TO EXISTING FACILITY WITH ITS FINANCIER, NATIONAL AUSTRALIA BANK LTD
• UNDER TERMS OF AMENDED FACILITY, NAB HAS AGREED TO ACCELERATE DRAWDOWN OF $4M IN TWO TRANCHES
• AGREEMENT BRINGS FORWARD SHORT TERM FUNDING ALLOWING CO TO PROGRESS FY20 HARVEST, CONTINUE TO FUND BUSINESS OPERATIONS
• CO HAS ALSO STARTED TO EXPLORE PARTNERSHIP ARRANGEMENTS REGARDING SIGNIFICANT VACANT ARABLE LAND AT ITS NANGILOC PROPERTY
• EQUITY CAPITAL RAISING IS EXPECTED TO BE FOR A MINIMUM OF $20M