Pulp Mill Project Newsletter – Issue 5

This is the fifth in a series of newsletters that are published to provide interested community members with information about the Bell Bay pulp mill project: Pulp Mill Project Newsletter – Issue 5

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Gunns recapitalisation to raise up to $280 million

Gunns Limited today announced that is has agreed commercial terms for the introduction of a $150 million investment from the Richard Chandler Corporation. In conjunction with a rights issue to existing shareholders, the recapitalisation aims to raise up to $280 million.

The media release is available here.

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Gunns Trading Halt

On 6 February Gunns Limited requested a trading halt, pending an announcement in respect of a capital raising and equity investment.

For the request to the Australian Securities Exchange and ASX market release please click here.

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Extension of financing facilities

On 30 January Gunns Limited confirmed that the terms for an extension to 31 December 2012 of its syndicated debt facility (currently $340m) and primary working capital facilities, were agreed with its primary banking syndicate.

For the notice to the Australian Securities Exchange please click here.

For the media release please click here.

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Pulp mill magistrates court challenge dismissal

Gunns Limited today advised the Australian Securities Exchange that the summons issued by Pulp the Mill Inc on 7 September 2011 has been dismissed by the Tasmanian Magistrates Court.

To view this notice please click here.

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Pulp Mill Project Newsletter – Issue 4

This is the fourth in a series of newsletters that are published to provide interested community members with information about the Bell Bay pulp mill project: Pulp Mill Project Newsletter – Issue 4

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Market update – 22 December 2011

A market update was released to the Australian Securities Exchange earlier today.

To read the full update please click here.

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