Brief: Tombola Gold Annnounces Appointment Of Voluntary Administrators
15/05/2023 07:53
May 15 (Reuters) - Tombola Gold Ltd TBA.AX :
* APPOINTMENT OF VOLUNTARY ADMINISTRATORS
* ADMINISTRATORS WILL BE REQUESTING THAT CO'S SHARES ON ASX
REMAIN
SUSPENDED DURING ADMINISTRATION PERIOD
* CO'S CURRENT SITUATION HAS LARGELY BEEN PRECIPITATED BY
POOR
OPERATIONAL AND FINANCIAL RESULTS ENCOUNTERED VIA GAM PLANT
* AGREED PATH FORWARD REGARDING A POTENTIAL REFINANCE OF
DEBT
FACILITY HAS FAILED TO EMERGE
Source text for Eikon: ID:nASX3c51xp
Further company coverage: TBA.AX
((Reuters.Briefs@thomsonreuters.com;))
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