ARE/WERE the hawkswood loans unsecured as stated?
12 March 2008
Company Announcements Office
ASX Limited
20 Bridge Street
SYDNEY NSW 2000
Admiralty Resources Total outstanding debt US$20m converting note with Cornell
Capital, A$10m loan facility with Hawkswood Investments Pty Ltd
The Board of directors is pleased to announce that our outstanding debt, which is not secured
against assets, has been reduced to A$31.7 million at an average interest rate of 9.4% p.a.
Yours sincerely,
Phillip Thomas
Executive Director
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