MATRIX RECEIVES FIRST TRANCHE OF LOAN FACILITY
The Directors of Matrix Metals Limited advise that they have executed formal loan documentation with Summo Minerals Corporation. This loan facility which is for a total of A$3.25 million is a component of the Heads of Agreement between Matrix and Summo which was previously announced to the ASX on 24 January 2001.
In accordance with the provisions of the loan facility, the first tranche of A$500,000 was received by the Company today.
Yours sincerely,
| Andrew Chapman Chief Executive Officer |
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MATRIX METALS LIMITED
Liquidators
Ernst and Young
11 Mounts Bay Road
PERTH WA 6000
Phone: +61 8 9429 2222
Fax: +61 8 9429 2436
Receivers and Managers
Deloitte Touche Tohmatsu
240 St Georges Terrace
PERTH WA 6000
Phone: +61 8 9365 7000
Fax: +61 8 9365 7001
Liquidators
Ernst and Young
11 Mounts Bay Road
PERTH WA 6000
Phone: +61 8 9429 2222
Fax: +61 8 9429 2436
Receivers and Managers
Deloitte Touche Tohmatsu
240 St Georges Terrace
PERTH WA 6000
Phone: +61 8 9365 7000
Fax: +61 8 9365 7001
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