5th Nov 2018 13:07
LONDON (Alliance News) - Metals Exploration PLC said Monday it secured a waiver from its senior lenders for the payment of capital amounts of USD35.6 million until the end of January 2019.
The natural resources exploration company said that the waiver contains a commitment to complete the restructuring of its USD63.8 million senior debt facility by the same date. Work is currently underway to achieve that objective, the company added.
The waiver covers capital payments which were due at the end of December 2017, March 2018, June 2018, September 2018 and December 2018.
Metals Exploration shares were trading untraded at 1.50 pence each.
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