News: TAW Tawana Resources Announces Finalisation Of $40 Mln Funding Package & Merger Update

Oct 31 (Reuters) - Tawana Resources NL (TAW) :

• FINALISATION OF $40 MILLION FUNDING PACKAGE AND MERGER UPDATE
• PART OF PROCEEDS FROM DRAW DOWN ON FIRST TRANCHE OF $20 MILLION WILL BE USED TO REPAY $5 MILLION LOAN FROM RED COAST INVESTMENT LIMITED
• NOW IN A POSITION TO FINALISE SUPPLEMENTARY DISCLOSURE REQUIRED IN CONNECTION WITH MERGER
• WILL SEEK APPROVAL OF PROPOSED SUPPLEMENTARY DISCLOSURE AT A FEDERAL COURT HEARING SET DOWN FOR 8 NOVEMBER 2018
• SECOND TRANCHE OF $20 MILLION REMAINS CONDITIONAL UPON COMPLETION OF MERGER AND ALLIANCE RECEIVING CONDITIONAL ASX LISTING APPROVAL