Geopacific Resources Limited extends bearer bond repayment

Geopacific Resources Limited (ASX:$GPR) has successfully extended the maturity date of its $3.5 million short-term bearer bonds with major shareholder, Deutsche Balaton AG. The extension, in exchange for a 4% prolongation fee, defers the bearer bond repayment date from 29 December 2023 to on or before 29 March 2024. All other terms related to the bearer bonds remain unchanged.

Executive Commentary on Bearer Bond Extension

We are pleased to announce the extension of the maturity date for the bearer bonds, providing us with additional time to manage our financial obligations. The agreement with Deutsche Balaton AG reflects a positive and cooperative relationship with our major shareholder. This extension allows us to maintain our financial flexibility and focus on advancing our strategic objectives. We appreciate the ongoing support of our shareholders and remain committed to delivering long-term value to our stakeholders.

Summary of Bearer Bond Extension and Outlook

Geopacific Resources Limited (ASX:GPR) has successfully negotiated an extension of the maturity date for its $3.5 million short-term bearer bonds with major shareholder, Deutsche Balaton AG. The agreement, which includes a 4% prolongation fee, defers the bearer bond repayment date to on or before 29 March 2024, providing the company with additional time to meet its financial obligations. This extension demonstrates the cooperative relationship with the major shareholder and the company's commitment to managing its financial resources effectively. Geopacific remains focused on advancing its strategic objectives and delivering long-term value to its stakeholders. The company encourages stakeholders to refer to the ASX release on 19 October 2023 for full details regarding the bond issue and extension.