Convertible Note Restructure

July 24th, 2014 | ASX Announcements

Terramin Australia Limited (Terramin) (ASX: TZN) is pleased to announce that it has executed binding terms sheets with Asipac Group Pty Ltd (Asipac) (a significant shareholder of Terramin) and a new institutional investor which will facilitate the restructure and refinancing of the existing US$15.05 million convertible notes (Asipac Convertible Notes) and A$5.00 million convertible notes (Institutional Convertible Notes) which are due for repayment on 31 July 2014.

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