Havilah Resources: Finishes $2.5M loan with Investec

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Havilah Resources: Finishes $2.5M loan with Investec

Havilah Resources: Finishes $2.5M loan with Investec

  • Havilah Resources (HAV) has made the final re-payment of $1 million, plus interest, to Investec Australia Finance
  • The company had a $2.5 million loan with Investec from previous management
  • Funds also raised by the recent rights issue has allowed Havilah to make the final $1 million repayments on time
  • The loan security formerly held by Investec over the Mutooroo and Kalkaroo assets will now lapse
  • Havilah also said the repayments come from the new management to re-position the company as an independent, debt-free
  • On market close, Havilah is up 1.09 per cent and is selling shares for 9.3¢ apiece