Brief: Leaf Resources Provides Apple Tree Creek Update

Foresta group

13/05/2022 07:57

May 13 (Reuters) - Leaf Resources:
    * APPLE TREE CREEK UPDATE-LER.AX
    * SHORT-TERM FINANCING HAS BEEN ARRANGED TO ENABLE CO TO
ACQUIRE
KEY EQUIPMENT REQUIRED TO RESTORE ITS PLANT
    * SHORT-TERM FUNDING SECURED VIA ISSUANCE OF A$1.5 MILLION
SECURED
CONVERTIBLE NOTES, AMONG OTHERS
    * FINANCING FOR-PURPOSE SOLVENT EXTRACTOR WITH CAPACITY TO
PRODUCE
16,000 TONNES PER ANNUM OF LEAF'S NATURAL PINE CHEMICAL
PRODUCTS.
    * CO HAS PAID NZ$2.6 MILLION FOR SOLVENT EXTRACTION
EQUIPMENT AND
WORK HAS BEGUN DISMANTLING PLANT IN NEW ZEALAND

Source text for Eikon:  ID:nASX41qF26 
Further company coverage:  LER.AX 

 ((Reuters.Briefs@thomsonreuters.com;))