From ANS anouncements
The Further Extension Letter has a number of conditions:
1. The Agreement is extended to 30 September 2020 subject to:
(a) by July 10 AustSino must lodge a draft Notice of Meeting to the Australian Securities Exchange for
review; and
(b) by July 17 AustSino needs to demonstrate to the reasonable satisfaction of Sundance that they have
progressed the funding (e.g. $29M) for completion of the transactions under the Sundance
Agreement.
2. AustSino will provide a further $450,000 in funding to Sundance (this will be repayable in cash or equity only
if the transaction completes). The first payment of $50,000 is payable on 17 July 2020 should :
(i) all Noteholders have consented to the further extension, and
(ii) AustSino have satisfied the conditions in (a) and (b) above.
The Company will keep shareholders fully informed of any material developments.
Authorised for release by Michael Keemink, Executive Director.
Really - GLTAH --
- Forums
- ASX - By Stock
- ANS
- Today things should be happening
Today things should be happening
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ANS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online