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PACIFIC RESOURCES LIMITED — Capital/Financing Update 2020
Sep 30, 2020
65638_rns_2020-09-30_8bd2f1bd-0824-4e90-9ebc-7546764bb780.pdf
Capital/Financing Update
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1 October 2020
ASX ANNOUNCEMENT
Variation of Sector Projects Pty Ltd Convertible Note Repayment Terms
AustChina Holdings Limited (AUH) wishes to advise that it has entered into an agreement with Sector Projects Pty Ltd to vary the instalment of $250,000 due on 30 September 2020.
Under the revised agreement, Sector Projects Pty Ltd has paid an amount of $89,493 which includes the prepayment of all remaining interest of $4,493 calculated to 21 December 2020.
Sector Projects have confirmed they will make additional instalment amounts of $85,000 by 30 October 2020 and $80,000 by 30 November 2020.
The final instalment of $250,000 remains to be repaid as agreed by 21 December 2020.
AustChina’s rights under the Note are not affected.
Yours faithfully,
Daniel Chan - Chairman
By order of the Board
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