BRIEF-Kerr Mines announces additional debt restructuring deals

Thu Aug 25, 2016 3:22pm EDT
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Aug 25 (Reuters) - Kerr Mines Inc :

* Kerr Mines Inc announces additional debt restructuring transactions and a C$2 million long term debt facility

* Reached total settlement agreements with trade creditors and certain debt holders representing c$9.2 million of c$12.2 million outstanding

* Debts is c$2.5 million which includes issuance of 7 million common shares

* Has reached debt-restructuring agreements with Trans Oceanic Minerals Company Ltd Source text for Eikon: Further company coverage: