August 31, 2017 / 10:50 PM / 10 months ago

BRIEF-Troy Resources Ltd updates on revolving corporate facility amended with Investec Bank

Sept 1 (Reuters) - Troy Resources Ltd

* Refers to company’s revolving corporate facility as amended with Investec Bank Plc

* Advises that company is technically in breach of facility

* Advises that it has not been able to comply at all times with minimum liquidity amount balance requirement

* Troy resources says net tangible worth of co has fallen below A$100 million level which represents a breach of a financial undertaking in facility

* “At present time, company’s cash and equivalents balance is less than required a$10 million”

* Is in discussions with Investec Bank with regards to potentially amending the facility, and other, provisions of agreement Source text for Eikon: Further company coverage:

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