25th Feb 2016 09:59
LONDON (Alliance News) - Hummingbird Resources PLC on Thursday said it has extended its USD15 million bridge facility with Taurus Mining Finance Fund LP to September 8.
The West African gold development company said the extension allows for both parties to work together towards a fully-funded finance package for the Yanfolila gold project in Mali, without the timing of the bridge disrupting discussions.
Hummingbird added that SENET (Pty) Ltd has agreed to defer USD1.7 million of fees which were previously due for payment in April 2016, for an additional period of up to 12 months.
Shares in Hummingbird Resources were trading down 7.0% at 18.60 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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