ASF Group Executes Debt-to-Equity Conversion Deed with Rey Resources for Debt Payment

MT Newswires Live

01/07

ASF Group (ASX:AFA) executed a debt-to-equity conversion deed with Rey Resources, under which Rey will repay all outstanding loans due to ASF under an Oct. 12, 2017, loan agreement via the transfer of 100% equity of its wholly-owned unit, Rey Surat Gas, according to a Wednesday Australian bourse filing.

Rey was formerly listed on the ASX and was privatized as a result of a compulsory acquisition by Vigorous Resources in August 2025. Rey Surat holds around 5.67% interest in PZE, which in turn indirectly holds 30% interest in the Surat gas project and Silver Springs project, both located in Queensland.

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