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