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STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2015
Aug 27, 2015
65841_rns_2015-08-27_52e63c05-f655-43a5-97fb-4852dc05aba3.pdf
Capital/Financing Update
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Suite 3, 11 Sheppard Way PO Box 2277 Marmion WA 6020 Marmion WA 6020 Australia Australia t: +61 8 6102 2609 e: [email protected] w: www.gippslandltd.com
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Gandel Metals Loan Extension
Release Date: 28 August 2015
Gippsland Ltd (ASX:GIP) (the Company) advises that the repayment date of the loans provided by Gandel Metals Pty Ltd has been extended from 30 September 2015 to 30 November 2015, to allow sufficient time for the recapitalisation process to be completed. The recapitalisation process is subject to ASX mandated timetables.
Gandel Metals, a company associated with the Company’s major shareholder and former Chairman, Mr Ian Gandel has provided various loans to the Company since September 2013. The total amount outstanding is approximately $3.45 million including accrued interest.
Rowan Caren Director
T: +61 8 6102 2609
E: [email protected]
1 Gandel Metals Loan Extension-28 August 2015