Property developer Port Bouvard anticipates that its balance sheet restructure will be completed in December, allowing its shares to resume trading on the ASX.
Chairman Lee Verios told sharegolders at the company's annual meeting today that the company was continuing discussions with St George Bank over its debt funding.
It was also exploring equity funding options through Max Capital and Euroz.
"We are working as diligently as possible to come out trading suspension as soon as a satisfactory outcome can be achieved," Mr Verios daid.
"At this time, we anticipate that will be in early December, but because of our suspension and the incomplete and confidential nature of our discussions and negotiations, we are very much constrained or limited in what we can say today.
"However .... we are workinbg very positively and cooperatively with St George Bank.
"Secondly, we have mandated each of Max Capital and Euroz to advise on the various potential complementary equity funding options."
