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ASX Announcement & Media Release
Level 3, 24 Outram Street, West Perth WA 6005
PO Box 497, West Perth WA 6872 Australia
T: +61 8 9220 2300
F: +61 8 9220 2309
ABN 19 055 719 394
ASX Announcement
11 November 2014
ASX Grants Sundance Listing Rule Waiver
Sundance Resources Limited ("Sundance") refers to its ASX announcement dated 3 September 2014 where it announced that, subject to ASX and other regulatory and shareholder approvals, an investor consortium made up of investment vehicles managed by Blackstone Alternative Solutions, L.L.C., the D.E. Shaw Group and Senrigan Capital ("Investor Consortium") had agreed with Sundance to replace the existing A$20 million convertible notes and options that the Investor Consortium holds which mature in November 2015 with new A$22 million convertible notes and options ("Refinancing Proposal").
Sundance is pleased to announce that ASX has granted Sundance a waiver from Listing Rule 6.23.3 to the extent necessary to allow Sundance to proceed with the Refinancing Proposal and to cancel the existing options held by the Investor Consortium and issue new options to the Investor Consortium ("Replacement Options").
Please refer to the ASX announcement dated 3 September 2014 for a full description of the details of the Refinancing Proposal and the key terms of the replacement convertible notes and Replacement Options. The expiry date of the Replacement Options after financial close has been extended from 20 business days to 40 business days.
The waiver granted to Sundance by ASX is conditional on Sundance obtaining shareholder approval to cancel the existing options and issue the Replacement Options.
Sundance will seek shareholder approval in relation to the Refinancing Proposal at an appropriate point in time in the future (rather than at its Annual General Meeting to be held on 27 November 2014, as previously announced).
ENDS
Released by:
Giulio Casello
CEO and Managing Director
Sundance Resources Limited
Shareholder/Media Inquiries:
Jill Thomas
Investor Relations Manager Sundance Resources Telephone: +61 8 9220 2300
Email: [email protected]
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Sundance Resources Inc.
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CODE : SFM1.F |
ISIN : AU000000SDL6 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Sundance Resources is a and oil development stage company based in United states of america. Sundance Resources holds various exploration projects in Chile. Its main exploration property is MANTOS GRANDE in Chile. Sundance Resources is listed in Australia and in Germany. Its market capitalisation is €UR 14.2 millions as of today (US$ 17.2 millions, € 14.2 millions). Its stock quote reached its highest recent level on January 07, 2011 at €UR 0.48, and its lowest recent point on June 22, 2018 at €UR 0.00. Sundance Resources has 7 101 980 160 shares outstanding. |