Transfer of Jervois Global Finland Working Capital Facility
Jervois Global Ltd. ("Jervois") (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) advises that the debt under the Secured Working Capital Facility (the "Facility") provided by Mercuria Energy Trading S.A. ("Mercuria") to its 100% owned subsidiary Jervois Finland, has been transferred by Mercuria to the majority bondholder ("Investor") of the Idaho Cobalt Operations US$100 million Senior Secured Bond. The Investor is now the Lender under the Facility. The Facility continues to be secured against the assets and working capital in Jervois Finland, and the shares in Jervois Finland owned by Jervois. The Facility continues to have an unsecured parent guarantee from Jervois. There are no changes to the terms of the Facility.
Jervois is continuing its engagement with the Investor and other parties on a potential financing or other solution to strengthen Jervois' balance sheet.
On behalf of Jervois Global Limited
Bryce Crocker, CEO
For further information, please contact:
| Investors and analysts: Alicia Brown Group Manager - External Affairs Jervois Global alicia.brown@jervoisglobal.com | Media: Nathan Ryan NWR Communications nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
Forward-Looking Statements
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule", "expected" and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the potential financing or other solutions to strengthen Jervois balance sheet and certain other factors or information. Such statements represent Jervois' current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Jervois, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Jervois does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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