SUNDANCE RESOURCES Forum: Community User: Scoty82

Sundance Resources Limited (ASX: SDL) (“Sundance” or the “Company”) provides the following update on the Agreement with AustSino Resources Group Ltd (“AustSino”) and the noteholders of Sundance (“Noteholders”) (“Sundance Agreement”), which was announced on 8 July 2019 and conditionally extended to 30 November 2020 (“Final Extension Letter”). Termination of Sundance Agreement As announced on 30 September 2020 and at the request of AustSino, the end date for the Sundance Agreement had been conditionally extended to 30 November 2020 by the executed Final Extension Letter. The Final Extension Letter permitted Sundance to terminate the Sundance Agreement with five business days’ notice from 2 November 2020 if, by that date, AustSino had not convened a general meeting of its shareholders to consider and approve the relevant transactions under the Sundance Agreement. AustSino has not convened the required general meeting to enable completion of the Sundance Agreement by 30 November 2020. Sundance is also mindful of the current date for the removal of Sundance from the official list of ASX (being 7 December 2020). Accordingly, on 4 November 2020 Sundance gave AustSino five business days’ notice to convene a general meeting, failing which the Sundance Agreement would be terminated. As AustSino has failed to convene the required general meeting, Sundance has terminated the Sundance Agreement. Arrangement with Noteholders re-enlivened On 29 July 2018 Sundance signed a legally binding term sheet with Senrigan Master Fund, Noble ResourcesInternational Pte Ltd, D. E. Shaw Composite HoldingsInternational, Ltd, Wafin Limited, BSOF Master Fund L.P. and David Porter (together the “Noteholders”) to, subject to certain conditions being satisfied or waived, cancel their Convertible Notes (“Notes”) in consideration for a combination of equity in Sundance and a capped production royalty (“Noteholder Agreement”). The Noteholder Agreement was suspended on execution of the Sundance Agreement. Now that the Sundance Agreement has been terminated, the Company and the Noteholders are seeking to implement the Noteholder Agreement.

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Ja auch gerade die Mail bekommen.

News-Update Beantragung der Aufschiebung des Delisting Ggf. nach Zustimmung neues Datum fürs zählen der 19.02.2021

Wohl wahr 🥰

Zwei dumme, ein Gedanke. 😏😁

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Ohhhhh ....wo kam denn plöttlich die "1" 19 her 🥰🤣

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In 21 Tagen kommen die schlechten Nachrichten 🙈

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