Catalyst Repays Convertible Note, Leaving Only 2,590oz of Debt Remaining
Catalyst Repays Convertible Note, Leaving Only 2,590oz of Debt Remaining
Balance sheet repair over previous 12 months has repaid A$28m of debt inherited through the Plutonic Gold Belt consolidation
在過去的12個月中進行的資產負債表修復已經償還了通過Plutonic Gold Belt整合所繼承的債務中的A$28m。
- When Catalyst acquired ASX listed Vango Mining in 2023, it inherited a A$12m convertible note
- This convertible note has now either been repaid or converted
- Catalyst has repaid over A$28m of debt since July 2023 – the date from which it consolidated the Plutonic Gold Belt after acquiring Vango Mining
- As a consequence, Catalyst's only remaining debt outstanding is 2,590oz in the form of a gold loan
- This residual gold loan is to be repaid in seven monthly instalments and represents as little as 2.5% of the group's annual gold production1
- Catalyst has available cash and liquidity of A$22m and A$30m respectively
- 當Catalyst於2023年收購ASX上市的Vango Mining時,其繼承了一份價值A$12m的可轉換票據。
- 這張可轉換票據現在已經被償還或轉換。
- 自2023年7月以來,Catalyst已償還超過A$28m的債務,這是它在收購Vango Mining後整合Plutonic Gold Belt的日期。
- 因此,Catalyst唯一尚未還清的債務是作爲黃金貸款形式的2,590盎司黃金。
- 這項剩餘的黃金貸款將分七個月還款,僅佔該集團年度黃金產量的2.5%左右。1
- Catalyst現有A$22m的可用現金和A$30m的流動性。
PERTH, Australia, June 19, 2024 /PRNewswire/ - Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) advises that Collins Street Asset Management (CSAM) has converted their remaining A$3.024m loan into 3,024,000 Catalyst shares under the terms of the convertible note agreement.
澳大利亞珀斯,2024年6月19日/ PRNewswire /- Catalyst Metals Limited(Catalyst或本公司我們還制定了內幕交易政策、保密和披露政策以及舉報人政策,這些政策補充了董事、高管和員工在代碼下的義務。)(ASX:CYL)表示Collins Street Asset Management(CSAM)根據可轉換票據協議的條款,已將其剩餘的A$3.024m貸款轉換爲3,024,000 Catalyst股。
This final conversion means the Company no longer has any debt outstanding in relation to the Convertible Note, with all amounts owing under the agreement either repaid by Catalyst or converted by CSAM.
這項最後的轉換意味着該公司不再與可轉換票據相關的債務有所拖欠,因爲所有根據協議欠下的金額均已被Catalyst償還或轉換。
Catalyst's remaining debt as at 17 June comprises a gold loan of 2,590oz of gold. This accounts for less than 2.5% of Catalyst's annual production and is to be repaid in seven monthly instalments of 370oz between 1 June to 31 December 2024.
截至2022年6月17日,Catalyst的尚欠債務包括2,590盎司的黃金貸款。這隻佔Catalyst年度產量的不到2.5%,將在2024年6月1日至12月31日之間分七個月償還370盎司。
Catalyst's Managing Director & CEO, James Champion de Crespigny, commented:
Catalyst的董事總經理James Champion de Crespigny評論道:
"After only 12-months, Catalyst has repaid a large amount of debt – A$28m. It has also increased cash reserves with it now having A$30m of available liquidity.
"僅在12個月內,Catalyst已經償還了大量債務,達到了A$28m的規模。 它還通過提高現金儲備增加流動性,現在可用流動性達到A$30m。"
This considerable improved cash and debt position allows Catalyst to fund the exploration and development of the Plutonic Gold Belt.
這種大幅提高的現金和債務狀況使Catalyst能夠資助Plutonic Gold Belt的勘探和開發。
Plutonic East and Trident are nearby development projects. Recent work on both these projects appears to be lowering the capital startup costs of their development. The lowering of these start-up costs, along with the considerable improvement in Catalyst's balance sheet, place the company in a far stronger and more balanced position."
Plutonic East和Trident是附近的開發項目。 最近對這兩個項目的工作似乎正在降低它們的開發資金啓動成本。 這些啓動成本的降低,加上Catalyst財務狀況的大幅改善,使該公司處於更加強大和均衡的地位。"
Former ASX listed company Vango Mining entered into a convertible note with CSAM in 2022. Catalyst inherited this convertible note and other legacy debts when it acquired Vango and Superior Gold Inc. in 2023, consolidating the Plutonic Gold Belt.
前ASX上市公司Vango Mining於2022年與CSAM簽署了一份可轉換票據。當它收購Vango和Superior Gold Inc.進而整合Plutonic Gold Belt時,Catalyst繼承了這些可轉換票據和其他舊債務。
At the time of acquisition the Plutonic mine was losing money. Since then, Catalyst has been able to effect a step change in Plutonic's operations, generating cash to repay debt and clean up the inherited balance sheets. To date, Catalyst has repaid A$28.2m of debt from operational cashflows.
在收購時,Plutonic礦井虧損。 自那時以來,Catalyst成功推進了Plutonic的運營,通過現金流償還債務和清理繼承的資產負債表。截至目前,Catalyst已通過運營現金流償還了A$28.2m的債務。
This announcement has been approved for release by the Board of Directors.
本公告已經董事會批准發佈。
Catalyst Metals produces 110koz of gold annually. It controls three highly prospective gold belts and has a multi asset strategy.
It owns the 40km long Plutonic Gold Belt in Western Australia hosting the Plutonic gold mine and neighbouring underexplored, high-grade resources.
Catalyst Metals每年生產110koz黃金。它控制着三條潛力巨大的黃金帶,並具有多元化的資產策略。
它擁有位於澳洲西部的40公里長的Plutonic黃金帶,擁有Plutonic金礦和毗鄰尚未開採的高品位資源。
It also owns and operates the high-grade Henty Gold Mine in Tasmania which lies within the 25km Henty gold belt. Production to date is 1.4Moz @ 8.9 g/t.
它還擁有並運營位於塔斯馬尼亞州的高品位Henty黃金礦,在25公里Henty黃金帶內,迄今生產了1.4Moz @ 8.9 g/t。
Catalyst also controls +75km of strike length immediately north of the +22Moz Bendigo goldfield and home to high-grade, greenfield resources of 26 g/t Au, at Four Eagles.
Catalyst還控制着Bendigo金礦場以北超過75公里的走向長度,並擁有四隻國鷹的高品位基岩金資源,Au品位爲26 g/t。
Shares o/s: 224.6m
Options: 3.4m
Rights: 5.9m
Cash: $22.0m
流通股數:224.6m
期權:3.4m
權利:5.9m
現金:$22.0m
David Jones AM
Non-Executive Chairman
David Jones AM
非執行董事長
James Champion de Crespigny
Managing Director & CEO
James Champion de Crespigny
董事總經理兼首席執行官
Robin Scrimgeour
Non-Executive Director
Robin Scrimgeour
非執行董事
Bruce Kay
Non-Executive Director
Bruce Kay
非執行董事
Corporate Details
公司詳情
ASX: CYL
E:[email protected]
W:catalystmetals.com.au
ASX: CYL
E:[email protected]
W:catalystmetals.com.au
SOURCE Catalyst Metals LTD.
來源:Catalyst Metals LTD。