30/10/2009 - 12:08

Port Bouvard extends loan facilities

30/10/2009 - 12:08

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Shares in property developer Port Bouvard have been placed in a trading halt on a request from the company in order to complete the refinancing of its existing loan facilitites with St George bank.

Port Bouvard extends loan facilities

Shares in property developer Port Bouvard have been placed in a trading halt on a request from the company in order to complete the refinancing of its existing loan facilitites with St George bank.

"The company has agreed with St George to extend its current facilities to 31 December 2009 while discussions continue with a view to finalising longer term arrangements," Port Bouvard said in a statement to the ASX this morning.

"During this period St George will continue its due diligence process which has been ongoing for some time."

The stock last traded at 25 cents before being placed in a halt after the close of trade on Tuesday.

 

 

 

 

 

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