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SCIDEV LTD — Capital/Financing Update 2010
Dec 2, 2010
65761_rns_2010-12-02_5e186cab-9a6a-4e85-823a-7a831a097de7.pdf
Capital/Financing Update
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ABN 25 001 150 849
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----- Start of picture text ----- Level 3 Phone: 02-9954 78882 Elizabeth Plaza Fax: 02-8904 0334North Sydney NSW 2060 Australia Email: [email protected]PO Box 1507 Website: www.intec.com.auNorth Sydney NSW 2059 Australia ASX code: INL ASX code: INL----- End of picture text -----
Companies Announcements Office Australian Securities Exchange
3 December 2010
Convertible Note Facility Repaid
Further to our announcement of 19 November 2010, Intec Ltd (ASX code: INL) advises that it has made full payment to La Jolla Cove Investors, Inc. (LJCI) in satisfaction of all outstanding debt and other obligations between the parties under the convertible note facility provided to INL by LJCI in November 2009.
Intec appreciates the professionalism with which the necessary working capital finance was provided by LCJI to enable INL to focus on strategic growth.
Yours faithfully
Intec Ltd
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Philip R Wood Managing Director and Chief Executive Officer
About Intec Ltd
Intec Ltd is an Australian company which owns the Intec Process for superior and sustainable metals production. The Intec Process comprises a set of patented chloride-based hydrometallurgical processes that have been demonstrated to produce high purity base and precious metals from concentrates of sulphide and oxide ores, tailings and industrial wastes. The Intec Process has substantial environmental and cost advantages over both the widely used conventional smelting and refining processes and other known hydrometallurgical processes.