ADVOCAAT ADVISES FIRST CITY MONUMENT BANK ON A USD12,000,000 REVOLVING CREDIT AND TERM LOAN FACILITY

ALP advises First City Monument Bank on a $12,000,000 revolving credit and term loan facility granted to the Borrower, an indigenous mining company, for the continued production and initial expansion of a high grade lead/zinc/ silver mine located in Plateau State of Nigeria. The firm is also advising on the restructuring of the loan transaction due to a review of the security provided by the Borrower.