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News: AR1 Austral Resources Australia Says Debt Restructure Strengthens Financial Position For...

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    20/06/24
    11:25
    Post #: 74405824

    June 20 (Reuters) - Austral Resources Australia Ltd (AR1) :

    • DEBT RESTRUCTURE STRENGTHENS FINANCIAL POSITION FOR GROWTH
    • UNDER AGREEMENT, SENIOR SECURED DEBT REDUCED BY 100% DECREASING FROM A$78 MILLION TO ZERO
    • SEEKING TO RAISE EQUITY OF BETWEEN A$27 MILLION TO A$35 MILLION TO REPAY UNSECURED DEBT TO THIESS, OTHERS

    (([email protected];))

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