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FITZROY RIVER CORPORATION LTD — Capital/Financing Update 2011
Jan 9, 2011
64955_rns_2011-01-09_6704b3d4-1d91-4fdd-9a90-849df342c89b.pdf
Capital/Financing Update
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NEWS RELEASE
10 January 2011
STATEMENT REGARDING NEGOTIATIONS
European Gas Limited (“the Company”) advises that negotiations are continuing with Transcor Astra Group (“Transcor”), the holder of the Convertible Notes (“the Notes”) issued by the Company in late 2007.
The Company refers to its previous announcements of 17 December and 24 November 2010 and confirms it is working closely with its advisers (Alvarez and Marsal, Paris) to achieve a suitable outcome for shareholders of the Company.
Negotiations with Transcor regarding refinancing or restructuring the Notes and with parties of interest remain confidential and any proposals are incomplete.
The Company will continue to keep the market informed of material developments as they occur.
Julien Moulin
Chairman
Mark Pitts
Company Secretary
EUROPEAN GAS LIMITED
ABN 75 075 760 655
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Suite 4, 4 Ventnor Avenue West Perth WA 6005, Australia T +61 8 9226 0320 F +61 8 9226 0309