Mark of the Lion
Dean Stuart provides an update on the unsuccessful efforts to rescue the production project and the impending liquidation of Safari Production Ltd.
Hi Fritha,
My apologies for the delay in replying to you.
We are still trying to rescue the project, with no success to date. We have a financing opportunity we have placed in front of investors and are waiting responses.
Unfortunately the production vehicle Safari Production Ltd will be going into liquidation shortly, having worn out the patience of its creditors. The intention is still that if the rescue efforts are successful that these creditors, which are the production expenses and crew, would be paid from the new production entity.
Realistically the chances of rescue are diminishing, as time passes with no success in our rescue efforts.
Sincerely,
**Dean Stuart **[mail to: deanstuart@xtra.co.nz]
On behalf of the Team.
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