Minemakers Limited
ASX : MAK
TSX : MAK

Minemakers Limited

November 19, 2010 08:46 ET

Satisfaction of Conditions For Restructure of Minemakers' Loan to BCD Resources NL

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2010) - Minemakers Limited (TSX:MAK)(ASX:MAK)(NSX:MMS) ("Minemakers") is pleased to report that the conditions required for the restructured loan arrangements with BCD Resources NL (ASX:BCD) ("BCD") to come into effect have been satisfied.

These conditions required additional loan funds of $6.1 million being received by BCD on or before today and the BCD Board being restructured to comprise present directors Dr Denis Clarke, Messrs Mike Trumbull and Kevin Perrin and new appointees Messrs Nigel Webb, Andrew Drummond and Neville Bergin who will take up their appointments following the BCD Annual General Meeting on 30 November 2010.

Andrew Drummond, Managing Director

ABN 48 116 296 541

Contact Information

  • Minemakers Limited
    Mr Andrew Drummond
    Managing Director
    +61 8 9264 7000
    +61 8 9264 7099 (FAX)
    or
    Minemakers Limited
    Mr Dean Richardson
    Corporate Business and Investor Relations Manager
    +61 8 9264 7000
    +61 8 9264 7099 (FAX)
    www.minemakers.com.au
    or
    Collins Street Media
    Mr Ian Howarth
    Managing Director
    0407 822 319