June 6 (Reuters) - Godfreys Group Ltd (GFY) :
- PRELIM INDICATIONS ARE THAT ITS BUSINESS MAY, WITHOUT FURTHER FINANCIAL SUPPORT, EXPERIENCE CASH FLOW CHALLENGES IN EARLY JULY 2018
- STARTED TALKS WITH ITS PRINCIPAL FINANCIER, 1918 FINANCE PTY, ABOUT EXTENSION TO LIMIT ON EXISTING $30 MILLION SENIOR DEBT FACILITY
- BOARD IS SEEKING ADVICE ABOUT ALL OPTIONS AVAILABLE; INCLUDING RIGHTS ISSUE
- "IT WOULD BE PRUDENT FOR SHAREHOLDERS AND INVESTORS NOT TO RELY ON PREVIOUSLY PUBLISHED EARNINGS GUIDANCE"
- 1918 FINANCE AGREED TO CONSIDER EXTENSION, BUT REQUIRES SUBSTANTIAL REPAYMENT PROPOSAL FROM CO AS PART OF SUBMISSION
- AS OF JUNE 5, ARCADE HAD RECEIVED ACCEPTANCES FROM MORE THAN 80 PERCENT OF GODFREYS SHAREHOLDERS
