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PACIFIC RESOURCES LIMITED — Capital/Financing Update 2020
Jun 18, 2020
65638_rns_2020-06-18_f9c06371-5a09-4e02-8b93-84f4f0a1c1bf.pdf
Capital/Financing Update
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19 June 2020
ASX ANNOUNCEMENT
Sector Projects Pty Ltd Convertible Note Repayment Terms
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 $750,000 Convertible Note which was due for repayment by Sector Projects Pty Ltd on 28 June 2020.
Under the Agreement Sector Projects Pty Ltd will repay $250,000 of the Convertible Note on or before 28 June 2020, another instalment of $250,000 on 30 September 2020 and the final $250,000 balance will be repaid on 21 December 2020.
Sector Projects Pty Ltd has agreed to prepay all interest which would accrue for each quarter in advance with each instalment paid.
AUH'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