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Allion acts for Sumatra Copper & Gold on Tembang Gold Project facility

24 October 2014


Allion acts for Sumatra Copper & Gold on Tembang Gold Project facility

Principal Philip Lucas and Senior Associate Ailyn Choo are advising Sumatra Copper & Gold PLC on the issue of warrants, each convertible into one CHESS Depositary Interest, which upon their exercise will comprise up to 30.23% of the company's issued capital. The warrants are to be issued as part of a US$45m debt facility with Nomura Singapore Limited and Indonesia Eximbank, to fund the commercial developments of its Tembang Gold Project in Sumatra, Indonesia.

 

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