Fotios gains further reprieve for Eastern Goldfields

EASTERN Goldfields executive chairman Michael Fotios has convinced key backer Investec to hold back from taking action for another seven days after the company missed a deadline for a A$5 million debt repayment today.

Fotios gains further reprieve for Eastern Goldfields Fotios gains further reprieve for Eastern Goldfields Fotios gains further reprieve for Eastern Goldfields Fotios gains further reprieve for Eastern Goldfields Fotios gains further reprieve for Eastern Goldfields

Michael Fotios

A revised standstill agreement will keep Investec from using the nuclear option and pushing EGS into receivership until August 22, but EGS needs to make a full repayment by next week, earlier than a

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