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Citigold Corporation Limited (ASX:CTO)
ALERT: Price-sensitive ASX Announcement for CTO
Current share price for CTO : $0.010 -0.003 (-23.08%)+
Announcement
Release
23 Jun 2026 11:39AM
Price at Release
$0.013
Full Release
Summary
Citigold Corporation Limited (ASX: CTO) announced that it received a notice of default regarding its secured loan facility from DEP Nominees Pty Ltd, acting as trustee for the Carmen Trust. The company is in discussions to settle the facility for approximately $1.7 million and is seeking funding to resolve the secured debt. The lender has exercised its rights to remove the current directors of Citigold's subsidiary, Charters Towers Gold Pty Ltd, although this subsidiary does not hold any mining titles at Charters Towers. The company is working towards resolving the issue promptly.
Key Points
- Notice of default on secured loan facility from DEP Nominees Pty Ltd.
- Discussions ongoing to settle the facility for $1.7 million.
- Seeking additional funding to settle secured debt.
- Lender removed directors of Charters Towers Gold Pty Ltd.
- Charters Towers Gold Pty Ltd holds no mining titles.
- Company is working to resolve the matter promptly.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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