Mallee Resources Limited (“Mallee” or “the Company”) advises thatMr Geoffrey Summers has been appointed as a Non-ExecutiveDirector of the Company. Mr Summers is a businessman based inTasmania with interests in the mining sector and is a substantialshareholder in Mallee.
The Company’s standstill agreement with its largest shareholderHartree Partners (“Hartree”), which allows for the deferred paymentof loan principal and interest payments, has been extended to 17August 2023 to allow the Company time to complete bindingdocumentation for a re-financing transaction.
The Company is indiscussions with a potential funding party.
The Company notes it has not received any payroll tax relief from theGovernment of Tasmania.
MYL Price at posting:
70.0¢ Sentiment: None Disclosure: Held
