High Peak Royalties Limited announced the key terms of the Macquarie Bank facility to be assigned to HPR are: USD 15 million (AUD: 21 million) Fees and Interest rate: Interest charged: Libor plus 5.5% on amount owed and no other facility fees. Standard parent company guarantees. The term is for three years (from completion). The proposed principal repayments are USD 750,000 within 30 days of assignment of the facility; USD 250,000 on first anniversary; USD 250,000 on second anniversary; and USD 1,500,000 on third anniversary.

High Peak Royalties Limited announced that it has executed a share purchase and sale agreement with Planet Gas Limited (PGS) to acquire a portfolio of USA oil and gas royalties from PGS via the purchase of all shares of PGS subsidiary Planet Gas USA Inc. In conjunction with the acquisition, the Board has reviewed its operational requirements as it moves to a period of increased activity. To assist in the increased financial and operational requirements of the Company, Jarrod White has resigned as a Director of the Company and the role of Chief Financial Officer has been formally reinstated. This decision will provide the Company with further resourcing and strengthens the Corporate Governance separation of Board and executive roles.