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PACIFIC RESOURCES LIMITED — Capital/Financing Update 2018
Jun 13, 2018
65638_rns_2018-06-13_66370d16-9bde-4e9e-9ec9-a6b1be69e837.pdf
Capital/Financing Update
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14 June 2018
ASX ANNOUNCEMENT
SALE OF SURAT GAS PTY LTD – FURTHER EXTENSION GRANTED
On 7 March 2018 AustChina Holdings Limited ( ASX: AUH ) announced that it had signed an Option Deed for the sale of AustChina’s 100 % owned subsidiary Surat Gas Pty Ltd (ASX announcement: “AustChina Signs Option Deed for the Sale of Surat Gas Pty Ltd”).
On 20 March 2018 AustChina announced that it had received notice that the purchaser has exercised its Option under the Option Deed (ASX Announcement: “Sale of Surat Gas Pty Ltd – Buyer Exercises Option”).
On request from the buyer the AustChina board has today approved further extension of time such that the Conditions Date becomes no later than 10 July 2018 and Completion Date becomes no later than 17 July 2018. The purchaser advises that they remain committed to the completion of the transaction.
Shareholders are cautioned that completion of the transaction is conditional on the purchaser obtaining finance to its satisfaction.
Yours faithfully,
Anthony Chan – Chairman
Further information:
Andrew Fogg – Chief Executive Officer
Bruce Patrick – Chief Operating Officer
AustChina Holdings Limited ABN 20 075 877 075 Level 16, 344 Queen Brisbane Queensland 4000 GPO Box 762 Brisbane Queensland 4001 Australia T +61 7 3229 6606 [email protected] www.austchinaholdings.com