From the SDL web site: Just a paragraph from a 2 page document.
With the loss of the mining permit in Congo, as announced on 16 December 2020 and later updated on
21 December 2020, Sundance did not have any prospects of being able to satisfy the ASX requirements.
The loss also meant the $132 million debt conversion agreed to between Sundance and its noteholders,
was not able to proceed due to the material change in circumstances.
Therefore, in the circumstances, to reduce costs the Company requested the delisting to be brought
forward to 21 December 2020
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- Ann: Market Update - Congo and Cameroon
Ann: Market Update - Congo and Cameroon, page-207
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