BRIEF-Kerr Mines announces initial results of debt restructuring

Mon Jul 11, 2016 5:16pm EDT
 
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July 11 (Reuters) - Kerr Mines Inc :

* Kerr Mines Inc. announces initial results of debt restructuring

* Reached settlement agreements with trade creditors and certain debt holders representing c$8.4 million of c$22.6 million of current liabilities

* Kerr Mines Inc says Kerr is continuing negotiations with remaining secured and unsecured debt holders

* Has issued or agreed to issue a total of 6 million million common shares for certain debt settlement agreements Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)