GMC 0.00% 0.6¢ gulf manganese corporation limited

31 Aug 2018 - debt maturity, page-18

  1. 207 Posts.
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    I really think youre bent on making false statements to undermine gmc and mislead the invetors
    GMC doesnt owe 9 million as all the condition prededent has been met. Pls read the ASX announcement on the 31 May 2018 regarding this. It stated that GMC has countersigned with
    PTJGI a letter confirming that all of the condition in the convertible note has been complied with satisfied or waived. Under the convertible note PT Gulf has a zero percent interest rate and upon
    satisfaction of the agreed condition precedent the PT gulf convetible note automatically be converted into 25.1% of the equity of PT Gulf. As a result BPK Fofo Sariaatmadja and BPK Chairoel
    Jul Naro has been appointed as Commisioners and BPK Johanes Susilo as director of PT Gulf
 
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