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BRIGHTSTAR RESOURCES LIMITED — Capital/Financing Update 2013
Aug 19, 2013
64581_rns_2013-08-19_c41dea27-e195-40ae-9a03-d9e0cdf7213f.pdf
Capital/Financing Update
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E STONE RESOURCES AUSTRALIA LIMITED
19th August 2013
STONE RESOURCES AUSTRALIA LIMITED
REDEMPTION OF CONVERTIBLE NOTE
Stone Resources Australia Limited (the Company) would like to advise that, by the attached notice, it has exercised its right to early redemption of the \$1,525,315.07 Convertible Note it issued to Easy Prestige Limited (Easy Prestige) on or about 6 September 2012 (Convertible Note).
The Company has redeemed the Convertible Note by paying the amount of \$1,525,315.07 to Easy Prestige and this redemption is in full satisfaction of the Company's obligations under the Convertible Note.
For further information please contact the Company on +618 9277 6008.
Francis Hin
Francis Hui Joint Company Secretary
First Floor 265 Great Eastern Highway, Belmont W A 6104 Telephone (618) 9277 6008: Facsimile (618) 9277 6002: ASX Code SHK Email [email protected] website www.stoneresourcesaustralia.com ABN 44 100 727 491: ASX Code SHK : Member of AMEC
STONE RESOURCES AUSTRALIA LIMITED ACN 100 727 491 (SRAL) REDEMPTION NOTICE - CONVERTIBLE NOTE DEED (DEED)
To: The Noteholder Easy Prestige Limited Units 2703-6, 27/F Convention Plaza Office Tower 1 Harbour Road Wanchai Hong Kong
BACKGROUND
- A. On or around 10 July 2012, the Noteholder and SRAL executed a Secured Converting Loan Aareement.
- B. On 6 September 2012 SRAL drew down on the Secured Converting Loan Agreement and on the same day SRAL issued the Noteholder with the Convertible Note.
OPERATIVE PART
In accordance with clause 6.1 of the Deed, notice is hereby given that the Convertible Note issued to the Noteholder under the Deed will be redeemed on the terms set out below:
| Redemption Date | 19 August 2013 |
|---|---|
| Convertible Note Being Redeemed | Convertible Note with the Certificate Number 1 and a face value of \$1,525,315.07 |
| Redemption Amount | \$1,525,315.07 |
| Method of payment | Cash |
| Place for return of Convertible Note Certificate |
Stone Resources Australia Limited 1st Floor, 265 Great Eastern Highway, Belmont WA 6104 |
The Redemption Amount is to be poid by SRAL to the Noteholder within 5 business days of receipt of this Notice and is in full satisfaction of SRAL's obligations to the Noteholder under the Deed. The Noteholder must return to SRAL an original executed copy of this Redemption Notice and the Convertible Note Certificate within this 5 business day period.
Jose's the
Francis Hui For and on behalf of Stone Resources Australia Limited
We acknowledge receipt of this Redemption Notice and agree to the redemption of the Convertible whose on the terms of the Deed and this Redemption Notice.
Name: CHELANGL 826 MING DYRECTOR Position: For and on behalf of Easy Prestige Limited