GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Appointment of Director & Appendix 3X, page-94

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  1. 423 Posts.
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    Where did they say that?

    At no point did they say that they are trying to restructure the same the same loan?

    Read the announcement properly...

    "As announced on 8 January 2020, Gulf executed a binding term sheet for the establishment of a €52
    million Structured Loan Facility ("Loan Facility") with Glacier International Depository Ltd, Legal and
    General Investment Management Limited and HSBC Bank Plc. With the ongoing delays reported by
    Glacier, funds have continued to be delayed and there is uncertainty regarding their ability to
    conclude the transaction. Consequently, the Company is pursuing other options and is in discussion
    with new investors to take a key position in the Company and refinance the projec
    t. These discussions
    are expected to be completed in the near future."

    Nothing about keeping the same loan conditions....
 
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