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PACIFIC RESOURCES LIMITED — Capital/Financing Update 2019
Dec 19, 2019
65638_rns_2019-12-19_c8310b4d-330f-4991-a159-0c48e58dafe0.pdf
Capital/Financing Update
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20 December 2019
ASX ANNOUNCEMENT
Extension to Sector Projects Pty Ltd Convertible Note
AustChina Holdings Limited (AUH) wishes to advise that it has today entered into an agreement with Sector Projects Pty Ltd to extend the maturity date of the $1m Convertible Note which was due for repayment by Sector Projects Pty Ltd on 28 December 2019.
Under the Agreement Sector Projects Pty Ltd will repay $250,000 of the Convertible Note on or before 28 February 2020 and the remaining $750,000 will be extended for a further 6 months and now matures on 28 June 2020.
Sector Projects Pty Ltd has agreed to prepay all interest which would accrue to 28 June 2020 to AustChina Holdings Limited today.
AUH's rights under the Note are not affected.
Yours faithfully,
Daniel 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