Altura Mining Limited (ASX: AJM) has commenced discussions with potential investors with an aim to refinance its current loan note debt.

One of the options for the proposed refinancing is a potential issue of senior secured notes, subject to market and other conditions.

In connection with the proposed refinancing, the Company proposes to provide certain investors with a confidential offering memorandum describing the Company and its business.

The Company is releasing to the market a copy of the offering memorandum in accordance with Listing Rule 3.10.4 that includes information in relation to its business, results of operations and financial condition. If the proposed re-financing proceeds, the Company will update the market with the material terms as and if they are agreed.

Any securities offered by the Company in the proposed refinancing will not be registered under the United States Securities Act of 1933 or the securities laws of Australia or any other jurisdiction. Any such securities may not be offered or sold in the United States without registration under the US Securities Act or an applicable exemption from such registration requirements.

About Altura Mining Limited (ASX: AJM)

Altura is a key player in the global lithium market and is leveraging increasing demand for raw materials for manufacturing lithium ion batteries for electric vehicles and static storage uses. Altura owns and operates the world-class Altura Lithium Project at Pilgangoora in WA's Pilbara, which has a production capacity of 220,000tpa of quality spodumene concentrate. The Company has completed a Definitive Feasibility Study on a potential Stage 2 expansion, with a Final Investment Decision to be taken depending on market conditions, securing funding for the expansion and entering into long-term offtake agreements with customers.

Contact:

Joe Dowling

Tel: + 61 428 479 031

(C) 2019 Electronic News Publishing, source ENP Newswire