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GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2023
Dec 26, 2023
65008_rns_2023-12-26_a3624d66-fdb9-43cd-9de5-62ddf546e5e8.pdf
Capital/Financing Update
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ASX: GPR 27 December 2023
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Bond Repayment Deferred to 29 March 2024
Key Points:
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Bearer bond extension agreed with Deutsche Balaton AG, repayment now due on or before 29 March 2024
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4% prolongation fee, all other terms unchanged[1]
Geopacific Resources Limited (ASX: GPR ) is pleased to advise that it has extended the maturity date of the $3.5 million short-term bearer bonds on issue with major shareholder, Deutsche Balaton AG, in exchange for a 4% prolongation fee.
The extension results in a deferral of the bearer bond repayment date from 29 December 2023, to on or before 29 March 2024.
All other terms in relation to the bearer bonds remain unchanged.
This announcement was authorised by the Board of Geopacific.
| Company details | Board & Management | Projects | |
|---|---|---|---|
| Geopacific Resources Limited | Graham Ascough - Non-Executive Chairman | PAPUA NEW GUINEA | |
| ACN 003 208 393 | Hansjoerg Plaggemars - Non-Executive Director | Woodlark Island Gold | |
| ASX Code: GPR | Michael Brook - Non-Executive Director | ||
| [email protected] | Rowan Johnston - Non-Executive Director | ||
| http://www.geopacific.com.au | Hamish Bohannan - Non-Executive Director | ||
| T +61 8 6143 1820 | James Fox - CEO | ||
| Matthew Smith - CFO and Company Secretary | |||
| Head Office | |||
| Level 1, 278 Stirling Highway | Media – Paul Armstrong | ||
| Claremont WA 6010 | Read Corporate | ||
| PO Box 439, Claremont WA 6910 | +61 8 9388 1474 |
1 Refer ASX release on 19 October 2023 titled “$3.5M Short-term Unsecured Funding from Bond Issue” for full details.
Geopacific Resources Limited