SYDNEY, Australia, June 12, 2013 /CNW/ - RMB Australia Holdings Limited ("RMB") announces that it established a C$10 million loan facility in favour of Astur Gold Corp. (TSX-V: AST)(Frankfurt:CDC) ("Astur") in respect of Astur's wholly-owned subsidiary, Exploraciones Mineras del Cantábrico (the "Facility").
In connection with the Facility, RMB acquired 5,000,000 transferable common share purchase warrants ("Warrants"), which were issued by Astur as additional compensation to RMB. Each Warrant entitles the holder thereof to acquire one (1) common shares of Astur ("Common Share") at an exercise price of C$0.62 per Common Share (subject to adjustment) at any time prior to June 5, 2016.
Based upon information publicly filed by Astur, if RMB were to exercise all of the Warrants issued by Astur and held by it, RMB would hold 5,000,000 Common Shares, representing approximately 11.97% of the issued and outstanding Common Shares of Astur, calculated on a partially-diluted basis assuming the exercise of the Warrants referenced above only.
RMB reserves the right, depending on the circumstances, including market and other conditions, to make further purchases or disposals of securities in the future through market transactions, private agreements, treasury issuances, exercise of options, convertible securities or otherwise.
SOURCE: RMB Australia Holdings Limited
For further information:
RMB Australia Holdings Limited
Attention: Arnold Vogel
Telephone: +61 2 9256 6251