Inactive Instrument

Troy Resources

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TRY

AU000000TRY7

TROY RESOURCES : TERM OF GOLD LOAN FACILITY EXTENDED

October 20, 2020 at 08:19 pm IST

Troy Resources Limited (ASX: TRY) (Troy or the Company) refers to the announcement of 17 January 2020 wherein the Company announced that it had entered into a gold loan facility of 5,200 ounces with Asian Investment Management Services Ltd (AIMS), a Malaysian based investment fund (Facility).

The Facility, which provides for a gold loan of 5,200 gold ounces, was immediately drawn down with gross proceeds received of USD$8.07 million.

The Facility, which is secured by a general security interest over the Company's assets, was entered into with a term of twelve months.

Troy is pleased to announce that the Company and AIMS have reached agreement that the term of the Facility be extended for a further twelve months, and is now due to expire on 16 January 2022. The terms of the facility remain the same as the original loan.

Troy will issue six million unlisted options to AIMS for extending the Facility.

This announcement has been authorised for release by the Company Secretary.

Contact:

Ken Nilsson

Tel: +61 8 9481 1277

Email: troy@troyres.com.au

Latest news about Troy Resources

Troy Resources Removed from Australian Bourse's Official List	01/23/01	MT
Troy Resources Limited Announces Address Changes for Registered Office, Effective February 1, 2023	31/23/31	CI
Troy Resources' Earn-in Partner Terminates Deal for Karouni Project in Guyana	30/22/30	MT
Troy Resources Limited Announces Resignation of Rebecca Broughton as CFO	30/22/30	CI
Troy Resources Limited Announces Executive Changes	30/22/30	CI
Troy Resources Limited Provides Exploration Reports for Fourth Quarter 2021 and First Quarter 2022 of Karouni Earn-In Agreement	20/22/20	CI
Troy Resources 16. Troy Resources to Lease Brazilian Mineral Properties for $4 Million	22/22/22	MT
Troy Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2021	12/22/12	CI
Troy Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2021	11/22/11	CI
Troy Resources Limited Auditor Raises 'Going Concern' Doubt	11/22/11	CI
Troy Resources Seeks to Recapitalize to Allow Shares to Recommence Trading on Australian Bourse	05/22/05	MT
Troy Resources Limited Appoints Richard Beazley as Interim CEO	21/21/21	CI
Troy Resources Limited Appoints Richard Beazley, Managing Director	21/21/21	CI
Troy Resources Limited Announces the Demise of Ken Nilsson, Managing Director of the Company	21/21/21	CI
Troy Resources Limited Announces Maiden Smarts Underground Ore Reserve	26/21/26	CI
Troy Resources : Uncovers Gold at Karouni Project in Guyana	09/21/09	MT
Troy Resources Limited Advises of the Receipt of Encouraging Exploration Results At the Gem Creek Prospect, A Part of the Company's 100%-Owned Karouni Gold Project, Guyana	09/21/09	CI
Troy Resources : Gets Approval for Smarts Underground Mine Development in Guyana; Shares Jump 12%	23/21/23	MT
Troy Resources Limited Announces Smarts Underground Development Approval Update	23/21/23	CI
Correction: Australian Shares Get Boost from Higher Gold, Oil Prices	17/21/17	MT
Australian Shares Get Boost from Higher Gold, Oil Prices	17/21/17	MT
Troy Resources : Secures Gold Prospective Target in Guyana; Shares Fall 15%	17/21/17	MT
Troy Resources Limited Announces Acquisition of Highly Prospective Potaro Target Near Karouni	17/21/17	CI
Troy Resources Limited Provides Production Guidance for the Months of May and June 2021	17/21/17	CI
Troy Resources Limited Announces Productions Results for the Month of April 2021 at Karouni Gold Project Update	17/21/17	CI

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Company Profile

Troy Resources Limited is an Australia-based junior gold producer operating the Karouni project in Guyana. The Company, through its subsidiary, Troy Resources Guyana Inc., operates Karouni gold project. The Karouni Gold Project is located within the country of Guyana. The project is centered at 5Âº37âN and 59Âº05âW in the central-northern portion of Guyana and lies approximately 180 kilometers (km) south-southwest of Georgetown. The project straddles the regions of Cuyuni-Mazaruni and Potaro-Siparuni and can be accessed through air from Georgetown to the airstrip on-site. The Company is focused on brownfields and greenfields exploration. The main Karouni mining areas of Smarts and Hicks are located on a central large mining license. The Company's prospects include Spearpoint Prospect, Larken Prospect, Hicks 1 Extension, Hicks 1 Extension, Gem Creek Prospect, Upper Itaki, Kaburi Hills and Ohio Creek Prospect.

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