Gulf Manganese Corporation Limited (ASX: GMC) (“Gulf” or “the Company”) advises that it has countersigned with investor PT Jayatama Global Investindo (“PT JGI”), a letter confirming that all of the conditions in the Convertible Note Agreement dated 9 March 2018, as amended (“Convertible Note Agreement”), have been complied with, satisfied or waived, subject only to a Bill of Lading being received before 6 June 2018 by the Company relating to the second shipment of furnace components from South Africa.
This indicates they waived their claim on the smelters in my opinion.
Situation closed.
Time to start your next BS thread.
GMC Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held