Western Areas Announces Full Repayment

Western Areas NL (TSX:WSA,ASX:WSA) announced full repayment from cash reserves of the A$105.5m convertible bond issue that expired July 2, 2012.

As quoted in the press release:

The repayment is consistent with guidance provided to the market over the last 12 months confirming the company’s focus on maintaining a sound and stable balance sheet.

Western Areas’ Managing Director, Dan Lougher, said that with the repayment of the convertible bond well flagged to the market, the company was very pleased to deliver on this commitment alongside considerable ongoing investment into future growth options of the company.

Click here to read the Western Areas NL (TSX:WSA) press release.