Business
Further advance to Ferrum Resources Limited
Further advance to Ferrum Resources Limited.
About this update from Emmerson Plc
[{"type":"text","content":"\n \nRNS Number : 5212N Emerging Metals Limited 02 September 2011 \n \n\nFor Immediate Release: 2 September 2011\n \nEmerging Metals Limited\n(\"EML\" or the \"Company\")\n \nFurther advance to Ferrum Resources Limited (\"Ferrum\") \n \nFurther to the announcement made on 24 August 2011, the Company is pleased to announce a further $400,000 loan advance to Ferrum, its 37.23 per cent associate company, to meet its immediate cash requirements to fund its on-going exploration programme in Sierra Leone. The Company continues to explore options to fund the balance of Ferrum's short term cash requirements and a further announcement in this regard will be made in due course.\n \nThe loan is secured against assets of Ferrum and is (unless agreed otherwise in writing by the parties) repayable together with interest (charged at a rate of 10 per cent. per annum) on 10 January 2012. \n \n \n-Ends-\n \nFor further information \n \n\n\n\n\nEmerging Metals Limited\n\n\nReligare Capital Markets (UK) Limited\n\n\nEvolution Securities Limited\n\n\nGTH Communications\n\n\n\n\nDenham Eke\n\n\nPeter Trevelyan-Clark\nEmily Staples\n \n\n\nRomil Patel\nTim Redfern\n\n\nToby Hall\nChristian Pickel\n\n\n\n\n+44 (0)1624 639396\n\n\n+44 (0)20 7444 0800\n\n\n+44 (0)20 7071 4300\n\n\n+44 (0) 20 3103 3902\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRDKBDDCBKKKCK\n ","length":3831,"tagName":"div"}]