Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Cape Lambert Resources Limited    CFE   AU000000CFE0

CAPE LAMBERT RESOURCES LIMITED

(CFE)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/01
0.008 AUD   +14.29%
09/30CAPE LAMBERT RESOURCES : Annual Report
PU
09/30CAPE LAMBERT RESOURCES : Appendix 4G
PU
09/17CAPE LAMBERT RESOURCES : Appendix 2A
PU
SummaryChartsNewsCalendarCompanyFinancials 
SummaryAll NewsPress ReleasesOfficial PublicationsSector news

Cape Lambert Resources : Winance Loan Facility Conversion

share with twitter share with LinkedIn share with facebook
09/17/2020 | 02:40am EDT

ASX

Release

17 September 2020

Winance Loan Facility Conversion

On 24 January 2020, Cape Lambert Resources Limited (ASX: CFE) (Cape Lambert or the Company) announced that it had entered into a $2.2m secured loan facility with Winance (Winance Loan). The parties agreed to vary the terms of the Winance Loan as announced on 30 June 2020.

The Company advises that the parties have agreed that the principle amount of $2.2m plus accrued interest and outstanding fees will be converted into equity (subject to receipt of shareholder approval) based on a share price of AUD $0.004 on 30 November 2020 (Extended Maturity Date). All other terms and conditions of the Winance Loan remain unchanged

Tony Sage, Executive Director of Cape Lambert, commented "It is fantastic news that Winance has decided to convert its debt into equity. It shows they have great confidence in our philosophy and management team. They also have indicated they will stay as long-term shareholders".

Director and CFO of Winance, Waqas Ibrahim said, "We are excited to convert our debt into a long-term equity position into CFE. We like the vision of the company and its recent rare earths play. Our support over the period has been positively reciprocated through management's proficient decision making as we are delighted to see the Company looking at acquiring other assets in this market. Also, its investments in EUR, FEL and CXU have seen strong growth recently making our decision easier.".

Announcement authorised for release by the board of Cape Lambert.

ENDS

For further information please contact:

Investor Relations

Follow us

+61 (0) 8 9380 9555

@Cape_Lambert

ir@capelam.com.au

cape-lambert-resources-limited

Cape Lambert Resources Limited ABN 71 095 047 920

32 Harrogate Street, West Leederville WA 6007

Phone: +61 8 9380 9555 Email: admin@capelam.com.au

www.capelam.com.au

ASX: CFE

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Cape Lambert Resources Ltd. published this content on 17 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2020 06:39:05 UTC

share with twitter share with LinkedIn share with facebook
All news about CAPE LAMBERT RESOURCES LIMITED
09/30CAPE LAMBERT RESOURCES : Annual Report
PU
09/30CAPE LAMBERT RESOURCES : Appendix 4G
PU
09/17CAPE LAMBERT RESOURCES : Appendix 2A
PU
09/17CAPE LAMBERT RESOURCES : Issue of Shares
PU
09/17CAPE LAMBERT RESOURCES : Winance Loan Facility Conversion
PU
09/10CAPE LAMBERT RESOURCES : New Exploration Licence Applications
PU
09/10CAPE LAMBERT RESOURCES : Response to ASX Price and Volume Query
PU
08/25CAPE LAMBERT RESOURCES : Appendix 2A
PU
08/25CAPE LAMBERT RESOURCES : Issue of Shares
PU
08/17CAPE LAMBERT RESOURCES : Extension of Loan Facility
PU
More news
Financials
Sales 2020 2,85 M 2,05 M 2,05 M
Net income 2020 -1,53 M -1,10 M -1,10 M
Net Debt 2020 2,24 M 1,61 M 1,61 M
P/E ratio 2020 -1,54x
Yield 2020 -
Capitalization 14,5 M 10,4 M 10,4 M
EV / Sales 2019 30,3x
EV / Sales 2020 2,01x
Nbr of Employees 54
Free-Float 81,3%
Chart CAPE LAMBERT RESOURCES LIMITED
Duration : Period :
Cape Lambert Resources Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers
NameTitle
Antony William Paul Sage Executive Chairman
Melissa Kate Chapman Chief Financial Officer & Secretary
Timothy Paul Turner Independent Non-Executive Director
Eloise von Puttkammer Head-Investor Relations
Sector and Competitors
1st jan.Capitalization (M$)
CAPE LAMBERT RESOURCES LIMITED100.00%9
VALE S.A.10.90%53 974
FORTESCUE METALS GROUP LIMITED56.03%35 962
KUMBA IRON ORE LIMITED18.84%9 534
NMDC LIMITED-35.94%3 427
FERREXPO PLC11.10%1 342