Kouri sale additional update

West African gold explorer Golden Rim Resources Ltd advises the following update regarding receipt of payments for the sale of its Burkina Faso assets.

West African gold explorer Golden Rim Resources Ltd (ASX: GMR; Golden Rim or Company - https://www.commodity-tv.com/ondemand/companies/profil/golden-rim-resources-ltd/) advises the following update regarding receipt of payments for the sale of its Burkina Faso assets.

At the request of the buyer, BAOR SARL, Golden Rim has granted BAOR SARL a two-week extension to complete financing arrangements. The first and second payments totalling US$6,000,000 are now due to be paid by Monday 15 August. The Share Sale Agreement provides that simple interest of 8% is payable on outstanding amounts.

-ENDS-

Contact Information:

Golden Rim Resources Ltd

ABN 39 006 710 774

Craig Mackay

Managing Director

+61 3 8677 0829

In Europe:

Swiss Resource Capital AG

Jochen Staiger

[email protected]

www.resource-capital.ch

This announcement was authorised for release by the Board of Golden Rim Resources Ltd.

 

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