WMT western metals limited

WMT - further extension of time!

  1. 29,204 Posts.
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    WMT has now been granted a further extension of time till 19th June.

    With all these delays, I suspect an "equity for debt" share allocation and a major share consolidation.
    Any theories?

    Notice re: Debt Restructure Arrangements

    WESTERN METALS LIMITED 2002-05-14 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Western Metals Limited announces that its debt restructure
    arrangements with its major financiers continues to progress, and
    that an extension from 14 May 2002 to 19 June 2002 has been agreed by
    all parties for completion and execution of formal documentation
    arising from the Common Terms Sheet signed on 15 March 2002. The
    company believes that negotiations should be concluded in this time
    frame.


    Any queries, please contact:

    Geoff Wedlock
    MANAGING DIRECTOR & CEO
    Tel: 61 8 9221-2555



    cheers
    GZ
 
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