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BRIGHTSTAR RESOURCES LIMITED — Capital/Financing Update 2013
Aug 12, 2013
64581_rns_2013-08-12_15cbd86d-0210-404b-887c-6f74a9d65e46.pdf
Capital/Financing Update
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STONE RESOURCES AUSTRALIA LIMITED
ASX ANNOUNCEMENT
Company Update
According to the Quarterly Cash Flow Report lodged to ASX’s website on 30 July 2013, the cash on hand of company was $149,000 as at 30[th] June 2013, it seems that the company may not be able to meets its expenditure in the future. However, the management would like to update the shareholders that the controlling shareholder, Stone Resources Limited (“SRL”), has promised to support the company’s funding needs in the future. In fact, SRL has entered into a binding term sheet with the company on 18[th] January 2013 to record the loan advanced by SRL to the company and express its intention to extend finance to the company in the future. As of today, SRL has loaned to the company amounting to $17,973,575, not including expenditures paid on behalf of the company.
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__________________ Kaiye Shuai Chief Executive Officer 13[th] August 2013
For further information, please contact the company on +61 8 9277 6008.
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