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PACIFIC RESOURCES LIMITED — Capital/Financing Update 2019
Nov 7, 2019
65638_rns_2019-11-07_637a3c38-169c-4200-a30d-ae839b181216.pdf
Capital/Financing Update
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8 November 2019
ASX ANNOUNCEMENT
Convertible Note – Part Conversion and Extension of Maturity Date
AustChina Holdings Limited (AUH) is pleased to advise that the $1.5 million Convertible Note which was due today has been partly converted to shares and an extension of the maturity date has been secured for the balance of the Convertible Note.
Treasure Wheel Global Limited, the holder of the note, has given notice to convert $500K of the Convertible Note to shares and has approved an extension of the remaining $1.0 million for 6 months with the next maturity date being 8 May 2020. The terms of the Note remain unchanged and there is no interest payable on the Convertible Note.
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