Well that's a...

Well that's a relief.

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ASX Release 23 February 2009
CP1 LIMITED (ASX: CPK)
CP1 Limited (CP1) announces finance facility extension
The Board of CP1 Limited is pleased to confirm that the company has
negotiated an extension for its corporate facility of $12 million which
was due to expire on 27 February 2009 until 26 February 2010.
CP1 has also negotiated extensions to other various institutional and
non-institutional facilities totalling $228 million held by its wholly
owned subsidiaries, Marina Cove Pty Ltd and Azzura Pacific Resort
Pty Ltd until 26 February 2010.
CP1’s CEO Theo Axarlis said:
“Our financier’s decision to extend our facilities continues to pave the
way for realising the company’s medium term strategy of debt
consolidation, with a view to achieving the long term strategy of value
adding and capital growth. We are pleased with the continued support
of our financiers through these turbulent times.”
END.