Strandline Resources Limited (AU:STA) has released an update.
Strandline Resources Limited has announced an extension of their standstill and deferral agreement with financiers until November 2024, which includes the postponement of interest and principal repayments. The company is actively working on a comprehensive recapitalization plan set for the end of 2024, while it continues to review its operational and financial needs amid ongoing negotiations with lenders. Consequently, shares of Strandline will remain suspended until further notice.
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