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Geodynmics signs rig agreement with Westpac PDF Print E-mail
Wednesday, 01 August 2007

Geodynamics Limited announced that it has signed an agreement  with Westpac Bank that “allows for the sale and lease back of its $32m Lightning Drill Rig.”

This agreement give GDY the flexibility to free up capital should it be required, and builds a relationship with Westpac that could prove valuable for capital intensive future stages of development.

 
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