Brief: G3 Exploration Says Co Does Not Intend To Apply For Any Trading Suspension

G3 Exploration

12/12/2019 09:45

Dec 12 (Reuters) - G3 Exploration Ltd  G3EG.L :
    * G3 EXPLORATION LTD  - CORPORATE UPDATE
    * G3 EXPLORATION LTD - DOES NOT INTEND TO APPLY FOR ANY
TRADING
SUSPENSION.
    * G3 EXPLORATION LTD - ANNOUNCES FAVORABLE RULING ON ITS
BEHALF IN
GRAND CAYMAN COURT YESTERDAY
    * G3 EXPLORATION LTD - SEEKING TO RE-STRUCTURE ITS ASSETS
AND
LIABILITIES IN ACCORDANCE WITH ITS PREVIOUSLY ANNOUNCED BUSINESS
PLAN
    * G3 EXPLORATION LTD - BELIEVES THAT JPLS WILL FACILITATE
SUCH
EXECUTION TO BENEFIT OF ALL STAKEHOLDERS
    * G3 EXPLORATION - JPL APPOINTMENT UNDER SUPERVISION OF
COURT IS,
IN OPINION OF BOARD, PREFERRED PATH FORWARD FOR PROPOSED
RESTRUCTURING
    * G3 EXPLORATION LTD - EXPECTS TO CONTINUE AS A GOING
CONCERN
THROUGH THE PROCESS AND FOLLOWING RE-STRUCTURING
    * G3 EXPLORATION LTD - IN ACCORDANCE TO CO'S APPLICATION &
ACCEPTANCE OF COURT, BOARD SHALL CONTINUE TO MAINTAIN OPERATIONS
AS A GOING CONCERN

Source text for Eikon:  ID:nRSL6404Wa 
Further company coverage:  G3EG.L 

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