Burdekin Pacific Limited Burdekin Pacific Limited ASX...

Burdekin Pacific Limited Burdekin Pacific Limited ASX Announcement 4 March 2005 Burdekin Pacific Limited
A.C.N. 059 329 519 Level 2, BGC Centre 28 The Esplanade Perth WA 6000
Phone: +61 8 9322 6045 Fax: +61 8 9481 5557 Email: [email protected]
Enquiries regarding this announcement can be directed to either: Mr Jerome G Vitale Director and Chief Executive Officer or Ms Susan J Field Executive Director and Company Secretary Phone +61 8 9322 6045 ASX

Code: “BKS”
Date: 4 March 2005

Convertible Loan Facility with Macquarie Bank

The Company is pleased to announce that it has today entered into a two year $3.0 million secured convertible loan facility agreement with Macquarie Bank Limited. The proceeds of the facility have been applied to the repayment of $3.5 million loan notes to Zedex Minerals Limited (assignee of Ocean Resources Capital Holdings plc to whom the loan notes were originally issued), with the balance of $0.5 million provided from proceeds of a recent share placement completed by the Company.

Yours faithfully
Burdekin Pacific Limited
Jerome G Vitale
Managing Director

Reduced debt, hostile creditor gone.
Another major blow for the knockers of this company.
The only thing left is to get gold from Mt Kasi.
Now awaiting the new resource/reserve announcement

Constructive comments & discussion please.
I hold bks
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