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BRIEF-Cokal updates on Platinum group debt conversion

Published 21/12/2016, 05:28 pm
Updated 21/12/2016, 05:30 pm
© Reuters.  BRIEF-Cokal updates on Platinum group debt conversion

Dec 21 (Reuters) - Cokal Ltd CKA.AX

* refers to update on progress with platinum partners to implement debt conversion agreement announced on 22 july 2016

* Has now become aware that an indictment has been unsealed in a US federal court in brooklyn, new york by US authorities

* Indictment alleging serious misconduct against current and former senior members of platinum management team

* Is not aware of any allegations made in indictment that relate to platinum's dealings with company

* company has no reason to believe that platinum's commitment to agreement has changed

* company expects there will be material delay to finalisation and implementation of agreement Source text for Eikon: ID:nASXnvkyL Further company coverage: CKA.AX

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