On 13 June 2023, Delorean Corporation Limited (ASXEL) (“Company”) previously updated that the
Company remains in discussions with the Clean Energy Regulator (“CER”) in relation to a Statutory
Demand for payment of a debt received by the Company’s wholly owned subsidiary CleanTech Energy Pty
Ltd, as advised to the market on 29 May 2023.
The Company now advises that it has entered into a non-binding agreement with Roadnight Capital Pty
Ltd (“Roadnight”) whereby Roadnight will provide CleanTech Energy Pty Ltd with a funding solution for
the payment of all moneys currently due to the Clean Energy Regulator.
The final terms of the funding agreement are to be resolved subject to Roadnight’s completion of legal
and commercial due diligence and completion of binding documentation.
The funding solution is expected to deliver two key outcomes for the Company:
• Payment in full of the amount due to the CER on or before 31 July 2023, with no further or future
liability accruing to CER.
• Unlocking the return of an estimated cash benefit to Delorean Corporation of circa $1.8M via
the release of Large Scale Generation shortfall charges already held (and to be held by CER as a
result of the current payment) relating to CleanTech Energy Pty Ltd’s historical operations for
calendar years 2020, 2021 and 2022 and forward contracts held by the Company.
The securities of the Company will remain in suspension until the payment is satisfactorily resolved with
CER, which at this stage is expected to be on or before the end of July.
- Forums
- ASX - By Stock
- Ann: Suspension Update
On 13 June 2023, Delorean Corporation Limited (ASX:DEL)...
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DEL (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
-0.010(9.09%) |
Mkt cap ! $21.57M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 10.0¢ | $58.27K | 548.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 134080 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 86726 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 134080 | 0.100 |
1 | 40000 | 0.097 |
2 | 110536 | 0.095 |
1 | 100000 | 0.091 |
4 | 232221 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 86726 | 1 |
0.115 | 25000 | 1 |
0.120 | 296920 | 6 |
0.125 | 210280 | 2 |
0.130 | 192500 | 4 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
Featured News
DEL (ASX) Chart |