Bisichi Mining PLC announced the successful completion of a £6 million term loan facility with Santander. This new loan replaces the previous £5 million term facility and overdraft held with Royal Bank of Scotland. The Loan is secured against the Company's UK retail property portfolio.

The new debt package has a five year term and is repayable at the end of the term. The interest cost of the loan is 2.35% above LIBOR and the Company is required to enter into Hedging arrangements for no less than 33% of the loan. To date, £5.5275 million of the facility has been drawn.