Ann: Gascoyne Resources Update, page-31

Hello to all and today’s  update on the Gascoyne Resources is that the party starts on or before September 12, 2020..
...except if NRW is one of the Senior Lenders it is part of the group that has already started banking a million dollars a month as of July 1 with three million to be booked Q1 FY’21.
Congratulations Jules and team, once again, for all work done here and fir the successes achieved.
cheers

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD6wq1zhKZp/Rgke92GA==

“Senior Lenders Confirm Support for Gascoyne DOCA proposal
........... “Pursuant to the exclusivity arrangements, the Senior Lenders will give the Administrators until 12 September 2020 to complete the recapitalisation and relisting of Gascoyne which will involve re‐paying the Senior Lenders all amounts owing to them in full.
Until 12 September, the Senior Lenders have agreed they will not accept or enter into, or offer or agree to accept or enter into, any transaction which may jeopardise the completion of the Gascoyne DOCA.
Monthly repayments to the Senior Lenders facility of $1 million per month will also now commence from 1 July, up until 30 September.
Gascoyne will issue the necessary documents in the coming weeks (including a shareholder notice of meeting and prospectus) to advance the broader recapitalisation and relisting plan.”.......