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