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PACIFIC RESOURCES LIMITED — Capital/Financing Update 2020
Nov 29, 2020
65638_rns_2020-11-29_63267a6c-e978-4c11-9e97-e311bcebac08.pdf
Capital/Financing Update
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30 November 2020
ASX ANNOUNCEMENT
Convertible Note – Variation of Convertible Note Repayment Terms
AustChina Holdings Limited (AUH) wishes to advise it has reached agreement to vary the repayment schedule of the outstanding balance of $330,000 of the Convertible Note after discussions initiated by Sector Projects Pty Ltd.
The company has agreed the following repayment schedule:
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$110,000 + associated interest 29 January 2020,
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$110,000 + associated interest 26 February 2020,
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$110,000 + associated interest by 26 March 2020,
AustChina’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