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PRAIRIE LITHIUM LIMITED — Capital/Financing Update 2016
Jan 24, 2016
65572_rns_2016-01-24_eea384c9-290e-4ded-8f42-7cbdbb87865c.pdf
Capital/Financing Update
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25 January 2016
Market Announcements Office Australian Securities Exchange
ASX: ZYL
ZYL LIMITED (ASX: ZYL) (SUBJECT TO DEED OF COMPANY ARRANGEMENT) ACN 008 820 223 (“the Company”)
I refer to the appointment of Jack James as Deed Administrator of the Company on 19 February 2015.
The Deed Administrator and the Proponent (Konkera Corporate) have agreed to further extend the 'End Date' of the DOCA (that is, the date by which the conditions precedent to the DOCA must be satisfied or waived) to 19 August 2016.
Other than the extension to the End Date, the DOCA continues in full force and effect.
Further Updates
The parties continue to work through the various matters required to complete the recapitalisation.
Shareholders are advised to monitor ASX announcements for further updates.
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Jack James Deed Administrator
Level 1, 330 Churchill Avenue, Subiaco WA 6008 Post PO Box 2015, Subiaco WA 6904 Phone 08 9328 6262 Fax 08 9227 6390 Email [email protected] Web www.pbconsult.com.au Palisade Business Consulting Pty Ltd ABN 34 145 743 666 Liability limited by a scheme approved under Professional Standards Legislation.