WMT has now been granted a further extension of time till 19th June.
With all these delays, I suspect an "equity for debt" share allocation and a major share consolidation.
Any theories?
Notice re: Debt Restructure Arrangements
WESTERN METALS LIMITED 2002-05-14 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
Western Metals Limited announces that its debt restructure
arrangements with its major financiers continues to progress, and
that an extension from 14 May 2002 to 19 June 2002 has been agreed by
all parties for completion and execution of formal documentation
arising from the Common Terms Sheet signed on 15 March 2002. The
company believes that negotiations should be concluded in this time
frame.
Any queries, please contact:
Geoff Wedlock
MANAGING DIRECTOR & CEO
Tel: 61 8 9221-2555
cheers
GZ
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