PNR pantoro gold limited
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July 29 (Reuters) - Pantoro Ltd (PNR) : Pantoro extends gold...

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    29/07/16
    09:42
    Post #: 18395598

    July 29 (Reuters) - Pantoro Ltd (PNR) :

    • Pantoro extends gold prepayment facility (PNR)
    • Entered into hedge contracts with the commonwealth bank of Australia
    • Cba has agreed to defer repayments due on the existing prepayment facility
    • Cba will convert 2,000 ounces of the hedged gold to a prepayment facility, realising a net cash advance of $3.2 million after fees
    • Deferred repayments result in a net cash flow saving of approximately $3.5 million over the coming five months

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