Further to the announcement of ASF Group Limited (“ASF”) dated 8 April 2015 in relation to the $6 million convertible note facility (“CN”) granted by Oceanic Alliance Investments Limited (“OAIL”), ASF advises that both ASF and OAIL have agreed to extend the maturity date of the CN by 3 months. The parties also agreed that the interest rate will be increased from 5% to 10% for that three month extension period and any interest accrued up to and including 1 April 2017 will be repaid by ASF on or before 5 April 2017.
Save as aforesaid, other terms of the CN remain unchanged.
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