Assume this paid the debt picked up from the merger which was...

Assume this paid the debt picked up from the merger which was due today???

Cheers Fero



COPPERCO LIMITED ACN 004 434 904 (Receivers & Managers Appointed) (Administrators Appointed)
PARTIAL CLOSE OUT OF COPPER HEDGING
CopperCo Ltd (“the Company”) announces that it has completed the partial close out of copper hedges for a total
consideration of A$43,400,000. The close out represented 60% of the copper hedge contracts held by the Company.
The proceeds received have been applied against the outstanding senior debt facility with Macquarie Bank Limited.
A total of 11,680 tonnes of copper remains hedged at a weighted average forward price of A$7,019.91 / tonne.
Should you have any questions regarding this announcement do not hesitate to contact the undersigned.
Yours faithfully
DARREN WEAVER
Joint and Several Receiver and Manager of
CopperCo Limited