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Gippsland Limited
AUSTRALIA GIP.AX 0,03 AU$ 1150,00%
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Gandel Metals Loan Extension

Publié le 01 septembre 2015

Microsoft Word - GIP ASX GM Loan Ext 28 August 2015 FINAL

Suite 3, 11 Sheppard Way

Marmion WA 6020

Australia

t: +61 8 6102 2609

PO Box 2277

Marmion WA 6020

Australia

e: [email protected] w: www.gippslandltd.com

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 www.gippslandltd.com
T: +61 8 6102 2609

E: [email protected]

1 Gandel Metals Loan Extension-28 August 2015

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