30th Mar 2010 07:00
Pan Pacific Aggregates PLC
("PPA" or the "Company")
Wood Bay sold to complete Loan Note buy out
Pan Pacific Aggregates PLC, the British Columbia based aggregates company, announces that it has completed the sale of its property at Wood Bay. The net proceeds of C$1.2 million from the sale will be paid to RAB Special Situations (Master) Fund Limited ("RAB"). This satisfies the deferred payment obligation under the agreement with RAB to buy out the loan notes issued to the Company by RAB as announced on 4 November 2009.
For further information, please contact:
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Pan Pacific Aggregates PLC |
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William Voaden |
+44 20 7096 9580 |
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Matrix Corporate Capital LLP |
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Louis Castro |
+44 20 3206 7209 |
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Tim Graham |
+44 20 3206 7206 |
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Lothbury Financial Limited |
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Michael Padley |
+44 20 7011 9411 |
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