Energy Earth plc

06/07/2017 | Press release | Distributed by Public on 06/07/2017 07:22

To inform the default of Bill of Exchange

7 June 2017

Subject To inform the default of Bill of Exchange Attention President

The Stock Exchange of Thailand

Energy Earth Public Company Limited ("The Company") has issued and offered the Bill of Exchange via Private Placement with a financial institution amounted to THB 40,000,000.- (Forty Million Baht). The Company would like to inform the default of the Bill of Exchange as follows;

Bond Information Bill of Exchange, offered via Private Placement for 3 transactions

with Symbol EARTH17606A

Par value totaling THB40,000,000.- (Forty Million Baht)

Issue Date 6 March 2017

Maturity Date 6 June 2017

Financing Purpose For working capital financing

Reason of Default The Company has tight cash flow and the bank is in process to

review the credit facility of the Company

To rectify the tight cash flow problem, the Company is now negotiating with the bank and hoping to be able to renew credit facility and repay Bill of Exchange soon.

Please be informed accordingly.

Sincerely Yours

(Mr. Thanawat Pratoomsuwan) Managing Director