SKR Sunkar

TIDMSKR

RNS Number : 6769E

Sunkar Resources PLC

11 April 2014

11 April 2014

RNS

SUNKAR RESOURCES PLC

("Sunkar" or the "Company")

UPDATE RE NEW CONVERTIBLE LOAN FACILITY

Receipt of Funds

Sunkar (AIM: SKR) announces that, further to the announcement released on 7 April 2014, the Company yesterday received USD 1.28 million from Sun Avenue Partners Corporation SAPC ("SAPC"), following the issue of 1,280,000 Convertible Loan Notes of USD 1 each to SAPC.

Following the receipt of funds from SAPC in London, Temir Service LLP ("Temir") has now made a total payment of USD 187,144 to ACB, returning the ACB Loan to good order and thereby removing the threat of default.

For further information, please contact:

Sunkar Resources plc

   Teck Soon Kong, Chairman                               Tel: +44 20 7397 3730 

Serikjan Utegen, CEO

Strand Hanson Limited

   Stuart Faulkner                                                Tel: +44 20 7409 3494 

Andrew Emmott

James Dance

Bankside Consultants

   Simon Rothschild                                              Tel: +44 7703 167065 

or visit: www.sunkarresources.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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