Total funding of A$1.0 million provided by Directors

Genmin is pleased to announce today, that it has executed an addendum to the previously advised A$2.0 million loan agreement with Injiview Pty Ltd, an entity related to the Company’s non-executive Board Chair, Mr. Greg Lilleyman. The loan addendum agreement increases the loan by A$0.5 million to A$2.5 million.

The Company is further pleased to announce that it has also executed an arm’s length A$0.5 million loan agreement, on the same terms as the Injiview Loan, with Harry Belle Holding Pty Ltd, an entity related to the Company’s non-executive Director, Mr. John Hodder.

Both loans can be drawn down by Genmin immediately and will be used to fund general working capital whilst the Company continues to progress both working capital and project build funding for its 100% owned Baniaka iron ore project, located in the Republic of Gabon, west Central Africa.

To read today's announcement in full, please click here.