Bloomberg News

Sundance Waives Highly Confident Letter, Proceeds With Scheme

November 25, 2011

Nov. 25 (Bloomberg) -- Sundance Resources Ltd. received formal notice from Hanlong (Africa) Mining Investment Ltd. that Hanlong will not receive the Highly Confident Letter from China Development Bank due by Nov. 28 and requests that Sundance waive the requirement for the letter as a condition precedent for Phase One of the Scheme Implementation Agreement.

Sundance said the “board believes it is in the best interests of all shareholders to waive the requirement for this letter, as it does not affect the current scheme timetable, according to a regulatory filing.

Link to Statement:{NSN LV7BG93PR6RK <GO>}

To contact the editor responsible for this story: Victoria Batchelor at vbatchelor@bloomberg.net


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