14th Apr 2016 11:59
LONDON (Alliance News) - New World Resources PLC on Thursday published a statement saying it has been given more time to strike a binding deal regarding its restructuring plans with the government in the Czech Republic, but later retracted the announcement.
New World had already said the majority of lenders under its super senior credit facility agreed to a standstill and temporary waiver back in February to extend it to Wednesday, but said in the release this has been extended to April 22, or next Friday.
Later in Thursday, New World Resources said the announcement on the extension had been released in error and should be disregarded.
New World Resources shares were up 11% to 0.45 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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