DTR 0.00% 1.2¢ dateline resources limited

Excellent summation ! Reduce the Company’s outstandingdebt ~...

  1. 1,701 Posts.
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    Excellent summation !

    Reduce the Company’s outstanding
    debt ~ $3.85 million. (refer to rights issue booklet ann.)

    Mr Johnson debt will be exchanged for shares.(refer to rights issue booklet ann.)

    Gold links Debt went with the sale I think? See below:

    Novation of Liabilities

    1. Bank liabilities of approximately US$9.6 million (A$14.77m) will remain with the USA subsidiaries of
    Gunnison Gold Pty Ltd. Dateline will have no further obligations to service or repay that debt.

    2. Approximately US$2.2 million (A$3.4m) in trade creditors and equipment lease liabilities will remain with
    the USA subsidiaries of Gunnison Gold Pty Ltd. Dateline will have no further obligations to service or repay
    those amounts.


    3. Dateline will have no ongoing obligations for any environmental or other commitments

    Refer to ann. 13/06/23, Pg2

    glall
    jmo
    please DYOR



 
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