Oex18 Dec 2018 08:09
Managing Director, Joe Salomon, said "As announced at the recent AGM, the discussions with GSPC regarding the event of default are well underway. While the Company presently anticipates that the discussions will conclude in early 2019, the additional working capital will help strengthen the Company's balance sheet and give us the flexibility to support several potential outcomes.
The Company appreciates the strong investor support with management seeking to find a balance between ongoing market support, issue price and dilution, set against a volatile share price environment in recent weeks."