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PACIFIC RESOURCES LIMITED — Capital/Financing Update 2020
May 10, 2020
65638_rns_2020-05-10_e3c235b6-bdb6-4912-b53b-066d95ebcf44.pdf
Capital/Financing Update
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11 May 2020
ASX ANNOUNCEMENT
Convertible Note – Part Conversion and Extension of Maturity Date
AustChina Holdings Limited (AUH) is pleased to advise that the $1.0 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 $250,000 of the Convertible Note to shares and has approved an extension of the remaining $750,000 for 6 months with the next maturity date being 11 November 2020. The terms of the Note remain unchanged and there is no interest payable on the Convertible Note.
Authorised by
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