BRIEF-Austral Resources Australia Says Debt Restructure Strengthens Financial Position For Growth

Reuters06-20

June 20 (Reuters) - Austral Resources Australia Ltd

* DEBT RESTRUCTURE STRENGTHENS FINANCIAL POSITION FOR GROWTH

* UNDER AGREEMENT, SENIOR SECURED DEBT REDUCED BY 100% DECREASING FROM A$78 MILLION TO ZERO

* SEEKING TO RAISE EQUITY OF BETWEEN A$27 MILLION TO A$35 MILLION TO REPAY UNSECURED DEBT TO THIESS, OTHERS

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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