ASX Announcement 14 April 2015
Update regarding operational and financial review
Further to the announcements of 7 April 2015 regarding voluntary suspension and 10 April 2015 regarding suspension of production, the Board of Atlas Iron (ASX:AGO) updates the market as follows:
1. Atlas and its advisers are continuing the review of whole of Company options and with respect to capital structure.
2. The review of the Company's operations, including the consequences of the decision to suspend production, is ongoing and the discussions with our unsecured creditors are continuing and positive.
3. There is no default pursuant to the terms of our secured debt facilities.
4. The Company is in active dialogue with relevant stakeholders, including the secured creditors.
The Board will update the market on further progress in the coming weeks as information becomes available.
Investor Enquiries:
Atlas Iron +61 8 6228 8000
Ken Brinsden, Managing Director
Media Enquiries:
Read Corporate +61 8 9388 1474
Paul Armstrong +61 421 619 084
Atlas Iron Limited
ABN 63 110 396 168
Raine Square, Level 18
300 Murray Street Perth WA 6000
PO Box 7071
Cloisters Square Perth WA 6850
P: +61 8 6228 8000
F: +61 8 6228 8999
E: [email protected]
W: www.atlasiron.com.au