Sundance Resources Limited (ASX:SDL) Waives Highly Confident Letter and Proceeds with Scheme with Hanlong (Africa) Mining Investment Limited
Sundance Resources Limited (ASX:SDL) has today received formal notice from Hanlong (Africa) Mining Investment Limited that Hanlong will not receive the Highly Confident Letter from China Development Bank due by 28 November 2011 and requests that Sundance waive the requirement for the letter as a condition precedent for Phase One of the Scheme Implementation Agreement which was signed by both parties on 4 October 2011.