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- Release Date: 08/10/12 17:16
- Summary: GENERAL: ALF: ALF has received a request for payment of $500,000 loan due
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ALF
08/10/2012 15:16
GENERAL
REL: 1516 HRS Allied Farmers Limited
GENERAL: ALF: ALF has received a request for payment of $500,000 loan due
Allied Farmers Ltd (ALF) has received a request for payment of a $500,000
loan due.
This loan had been scheduled to be repaid from the proceeds of the underlying
asset due in November 2012.
Allied has requested an extension of time from the lender to coincide with
the realization of the underlying asset. This seems a sensible solution for
both the lender and borrower.
However in the event an extension is not granted that would result in an
enforceable event of default under ALF's secured loan facility.
Chairman of Directors
End CA:00228218 For:ALF Type:GENERAL Time:2012-10-08 15:16:11
