AYN 0.00% 0.1¢ alcyone resources ltd

This was for the debt and fund working capital in 2013 And they...

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  1. 215 Posts.
    This was for the debt and fund working capital in 2013
    And they said.

    "The Board has full confidence that this strategic turnaround can now be implemented successfully with the
    opportunity to deliver strong earnings and cash flows thereby maximizing shareholder returns. We would like
    to thank you for the financial support you have provided us over the past few months and look forward to
    meeting you at our Annual General Meeting in November 2013. "


    " September 2013 Quarterly Report

    Corporate
    ? Successful completion of A$12.832 million Rights Issue at
    A$0.005 per share achieving more than twice the minimum
    A$6 million requirement.
    ? New Malaysian cornerstone investor (Notion) acquires a
    19.9% in Alcyone at A$0.005 per share as part of the Rights
    Issue.
    ? Alycone has strengthened the balance sheet with A$5.2
    million in deleveraging, + A$4 million in cash (post 15
    October 2013) and A$8 million in total current assets"





    AND NOW THEY ARE ASKING FOR THIS

    5 March 2014

    Company Update

    Key Points
    ? Termination of Credit Facility and Red Arrow Acquisition
    ? Rights Issue to raise up to circa $13.8m to pay out existing debt and fund working capital
    ? General Meeting of Shareholders to approve aspects of the restructure and consolidation of capital
    ? Mining operations suspended pending completion of the Rights Issue and Company restructure
    ? Streamlined Board to manage the transitional arrangements


 
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Currently unlisted public company.

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