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Ann: Noteholder Approval of Further Extension of Agreement, page-25

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tolate

10,622 Posts.

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02/11/20

17:59

Post #: 48592150
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Originally posted by BLUTO: ↑

A very big thank you from ANS for your support SDL shareholders: {Cut and pasted from tolate's post on the ANS site (Thanks tolate!)}

"During the year it became clear to AustSino that WAPRC, the original funder of its plans to invest in Sundance was unable to secure the necessary finance. AustSino has since identified a new Chinese funder and remains confident it can complete the transaction with Sundance by 30 November 2020. The change in funder who has committed $100 million to AustSino coupled with the challenges of Covid-19 has resulted in multiple extensions of the deadline for completion of the Sundance/ AustSino transaction. Even with the many extensions of the deadline it is pleasing that Sundance shareholders continue to support AustSino and the transaction which was approved at a Sundance General Meeting on 29 July 2020. There has also been strong ongoing support from our Noteholders who approved the extensions."
We need a roll on the floor and p----'d myself laughing emoji!!!!

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Yes just what i have been talking about management stories.......yours believe them....lol
Glad someone has seen the light...lol

SDL Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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