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BROO LTD (ASX: BEE)

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BEE: Ballarat Land Update

BROO LTD

  1. Development Victoria (DV) has exercised its option to call back the property asset located at 2 Liberator Drive, Mitchell Park, Victoria 3355 for a total amount of circa $2.3 million.
  2. The Company has used the proceeds to repay the entire loan and outstanding rates and taxes associated with the land in full, reducing the Company’s total liabilities by $2.1 million.
  3. The Company’s  shares will remain in suspension  pending a further market update regarding  the outcome of its ongoing strategic review.

2023-01-11 10:46:00