GOA gold anomaly limited

oh thank christ for that! bergen terminated

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    In line with the terms of the 1 October 2012 announced financing with Free Fire
    Technology Limited, Gold Anomaly Limited (“GOA”) announces that it has entered
    into a Deed of Amendment and Termination with Bergen Global Opportunity Fund,
    LP (“Bergen”) related to its existing funding arrangement.
    Under the Deed GOA will repay the amount outstanding to Bergen as a result of the
    termination. This will involve;
    1. The repayment of $315,000 via a cash payment immediately
    2. An issue of 50,000,000 shares
    3. There will be an outstanding unsecured convertible security of $135,000
    which cannot be converted before 8 December 2012
    Bergen provided GOA with a flexible funding mechanism at a time when
    conventional sources remain challenging. The funding has served its purpose of
    bridging GOA to a larger transaction with a new cornerstone investor. Bergen has
    also been flexible and responsive in terminating its existing funding arrangement on
    short notice.
 
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