Business
Convertible loan agreement & Director dealing
Convertible loan agreement & Director dealing.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n \nRNS Number : 8368O Aurum Mining PLC 11 February 2016 \n\n11 February 2016\n \nAURUM MINING PLC\n(\"Aurum\" or the \"Company\")\n \nConvertible loan agreement\nDirectorate Dealing\n \nAurum Mining plc (AIM: AUR), the Spanish focused gold and tungsten explorer, announces that it has entered into a convertible loan agreement with David Williams, Chairman of Aurum. The loan is unsecured, accrues no interest and has no fixed repayment date. The loan is convertible at the price at which equity in the Company is next issued. The value of the loan is £50,000.\n \nThe loan proceeds will be used to fund the Company's gold portfolio in north-west Spain.\n \nIn addition, the Company has today been informed that Mr Williams has purchased on 11 February 2016 1,000,000 shares at an average of 0.76 pence per share. Following this purchase, Mr Williams has a beneficial interest of 29.73% of the current issued share capital of the Company.\n \n \n\n\n\n\nContacts:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAurum Mining plc\n\n\nwww.aurummining.net\n\n\n\n\nSean Finlay\n\n\n+44 (0) 20 7499 4000\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland Limited\n\n\nNominated Adviser & Broker\n\n\n\n\nMike Coe, Ed Allsopp\n\n\n+44 (0) 117 945 3470\n\n\n\n\n\n\n\n\n\n\n\n\n \nNotes to Editors:\n \nAurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.\n \nGold \nThrough its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 58% interest in the Pino de Oro project in Zamora Province and a 53% interest in the Peralonso and Cabeza projects in Salamanca Province. \n \nTungsten \nAurum's 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating production from the site of high quality tungsten concentrates.\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCUAOVRNOAUAAR\n ","length":4835,"tagName":"div"}]