Bannerman Resources Limited

Bannerman Resources Limited

November 28, 2008 09:19 ET

Bannerman Resources Confirms Agreement for Convertible Financing

PERTH, AUSTRALIA--(Marketwire - Nov. 28, 2008) - Bannerman Resources Ltd (TSX:BAN)(ASX:BMN) ("Bannerman" or the "Company") advises that definitive documentation for the $20 million Convertible Note Facility with Resource Capital Funds IV LLP, details of which were announced to ASX on 17 November 2008, has now been executed.

Bannerman is currently attending to formalities for the satisfaction of remaining conditions precedent to drawdown of the first tranche of $10 million in December 2008.

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