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GBM RESOURCES LIMITED. — Capital/Financing Update 2017
Jan 3, 2017
64966_rns_2017-01-03_5b5054fc-eb06-408e-8bb8-f11d08571697.pdf
Capital/Financing Update
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ABN 91 124 752 745
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ASX Announcement
ASX Code: GBZ
4 January 2017
COMPANY DIRECTORS
AUD$ 10 Million Loan Agreement Update
The Board of GBM Resources Limited (‘GBM’ or ‘the Company’) advises that the balance of Tranche 1 of the loan agreement, being AUD$3.5 million, which was scheduled to be received by the end of December 2016 (Refer ASX announcement 7 December 2016), has not been received.
The Company has been in discussions with National Federal Capital Ltd (NFC) and advises that the balance of Tranche 1, being AUD$3.5 million is now scheduled to be received in the week ending 13 January 2017. Part payment of Tranche 1 for AUD$1.5million was received on 7 December 2016. Settlement of Tranche 2 of AUD$ 5 million remains unchanged and is to be completed by 28 February 2017.
The Company previously advised on the 21 November 2016 that the AUD$10million Loan Agreement was unconditional and further confirms that it is in compliant with its Undertakings under the Loan Agreement.
Refer to ASX announcement dated 18 October 2016 for further details of the loan agreement.
Peter Thompson Managing Director/ Executive Chairman
Neil Norris Exploration Director – Executive
Hun Seng Tan Non-Executive Director
CONTACT DETAILS
Principal & Registered Office Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153
Exploration Office 10 Parker Street, Castlemaine, Victoria 3450
Website www.gbmr.com.au
Phone +61 (8) 9316 9100
Fax +61 (8) 9315 5475
For further information please visit www.gbmr.com.au or contact:
Media:
Investors:
Peter Thompson Karen Oswald Managing Director Marko Communications GBM Resources Tel: + 0423 602 353 Tel: +61 8 9316 9100 [email protected]
Phone (Exploration Office) +61 (3) 5470 5033
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