Resource Generation Limited (ASX:RES) disclosed that ASX has granted it a waiver from complying with Listing Rule 10.1 and this waiver shall enable the Company to include the further US$2.25 million in working capital agreed with Noble which was announced on 2 April 2020.
Both the companies confirm that the extension of additional working capital would be available through to 30 June 2020.
Post announcement shares of RES climbed by 11.765% to close the day’s trade at AU$0.057, on 15 May 2020.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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