4 June 2009
Financing Update & Appendix 3B
Grand Gulf Energy Limited (ASX: GGE) is pleased to announce the completion of documentation with Macquarie Bank for a further US$300,000 being provided under its existing Facility Agreement and an extension to its waiver of Events of Default until 31 July 2009 subject to milestones as announced previously.
Grand Gulf also attaches an Appendix 3B for the issue of 6,000,000 four year options exercisable at $0.005 to Macquarie Bank as consideration for providing the financing.
To view the full document please visit the link below:
http://www.grandgulfenergy.com/documents/706.pdf
For further information contact:
Mr James Trimble
Tel. +1 (713) 829-7930
Email: jtrimble@grandgulf.net or
Mr Charles Morgan
Tel: +61 412 152534
Email: cmorgan@seaspin.com.au
For more information visit www.grandgulfenergy.com
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Grand Gulf Energy
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CODE : GGE.AX |
ISIN : AU000000AOI7 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Grand Gulf is a and oil exploration company based in Australia. Its main exploration property is OKLAHOMA in USA. Grand Gulf is listed in Australia and in Germany. Its market capitalisation is AU$ 3.0 millions as of today (US$ 2.0 millions, € 1.8 millions). Its stock quote reached its highest recent level on September 23, 2005 at AU$ 1.36, and its lowest recent point on November 29, 2019 at AU$ 0.00. Grand Gulf has 748 000 000 shares outstanding. |