Brief: G3 Exploration Says JPLS Have Until Feb 5 To Explore Viable Restructuring

G3 Exploration

08/01/2020 15:14

Jan 8 (Reuters) - G3 Exploration Ltd  G3EG.L :
    * G3 EXPLORATION LTD  - CORPORATE UPDATE
    * G3 EXPLORATION LTD - JOINT PROVISIONAL LIQUIDATORS HAVE UNTIL FEB 5  TO
EXPLORE
POSSIBILITIES, PREPARE REPORT OF LIKELIHOOD OF VIABLE RESTRUCTURING
    * G3 EXPLORATION - JPLS EXPECT TO UNDERTAKE RESTRUCTRING PROCESS IN
CONSULTATION
WITH EXISTING MANAGEMENT & OTHER KEY STAKEHOLDERS INCLUDING RECEIVERS
    * G3 EXPLORATION LTD - JPLS EXPECT TO UNDERTAKE RESTRUCTURING PROCESS IN
CONSULTATION WITH COMPANY'S EXISTING MANAGEMENT AND OTHER KEY STAKEHOLDERS
    * G3 EXPLORATION - NO RESTRUCTURING OR REFINANCING DEVELOPED OR AGREED; JPLS
WORKING WITH BOTH CO AND RECEIVERS TO INVESTIGATE ALL POTENTIAL OPTIONS

Source text for Eikon:  ID:nRSH1940Za 
Further company coverage:  G3EG.L 

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