Geopacific Resources' Bearer Bond Repayment Extension

Geopacific Resources Limited (ASX: $GPR) has extended the maturity date of its short-term bearer bonds with major shareholders, Deutsche Balaton AG and 2Invest AG, resulting in a deferral of the bearer bond repayment date from 29 March 2024 to on or before 30 September 2024. The extension was agreed in exchange for a 4% prolongation fee payable at maturity. All other terms in relation to the bearer bonds remain unchanged.

Executive Commentary on Bearer Bond Repayment Extension

We are pleased to have reached an agreement with our major shareholders, Deutsche Balaton AG and 2Invest AG, to extend the maturity date of the bearer bonds. This extension provides us with the flexibility needed to manage our financial obligations effectively. The deferral of the repayment date allows us to allocate resources strategically and continue our operational activities without undue financial strain. We appreciate the ongoing support of our shareholders and remain committed to delivering long-term value to our stakeholders.

Summary of Geopacific Resources' Bearer Bond Repayment Extension

Geopacific Resources Limited (ASX: $GPR) has successfully extended the maturity date of its short-term bearer bonds with major shareholders, Deutsche Balaton AG and 2Invest AG, to on or before 30 September 2024. The extension, agreed in exchange for a 4% prolongation fee payable at maturity, provides the company with financial flexibility and relieves immediate repayment pressure. All other terms in relation to the bearer bonds remain unchanged. The company's ability to secure this extension demonstrates its commitment to managing its financial obligations strategically. Geopacific Resources remains focused on delivering long-term value to its stakeholders and pursuing its operational activities effectively.