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BRIEF-Flinders Mines enters into loan agreement with Pio Mines

Published 29/07/2016, 05:29 pm
© Reuters.  BRIEF-Flinders Mines enters into loan agreement with Pio Mines
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July 29 (Reuters) - Flinders Mines Ltd FMS.AX :

* Loan agreement with Pio Mines Pty Limited

* The A$2 million loan is available for drawing in a single lump sum from the date of the loan agreement until 19 August 2016

* Further, Flinders and Tio have entered into a subscription agreement

* Proceeds of rights issue will be used to repay amounts drawn under loan agreement

* Funds raised under the rights issue not exceeding A$5 million

* Source text for Eikon ID:nASX5m8TX3

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