Brief: Wyloo Says No Active Discussions With Hastings Regarding Restructure Of Exchangeable Notes

Hastings Technology Metals

14/11/2024 08:53

Nov 14 (Reuters) - Wyloo:
    * STATEMENT REGARDING HASTINGS ANNOUNCEMENT
    * NO ACTIVE DISCUSSIONS REGARDING RESTRUCTURE OF WYLOO
EXCHANGEABLE NOTES
    * REJECTS HASTINGS’ ASSERTION THAT NO DEFAULT HAS OCCURRED
IN
CONNECTION WITH THE WYLOO  EXCHANGEABLE NOTES
    * CONCERNED ABOUT HASTINGS’ ABILITY TO RAISE ESTIMATED $220
MILLION TO REDEEM WYLOO EXCHANGEABLE NOTES IN LESS THAN 11
MONTHS
    * ALL FIGURES IN AUD


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