May 8, 2017 / 3:58 PM / in 4 months

BRIEF-Treasury Metals provides project update and announces loan extension

May 8 (Reuters) - Treasury Metals Inc

* Treasury metals provides project update and announces loan extension

* Entered into a binding term sheet in connection with co’s existing us$4.4 million term loan which is comprised of 2 tranches with lenders

* Loan extension will amend maturity date of term loan, extending it to April 2, 2019, from September 20, 2017

* Loan extension will be superseded with a definitive agreement to be entered into by company and lender on or around May 19, 2017

* Pursuant to terms of loan extension, applicable interest rate in respect of tranche 2 has been reduced to LIBOR plus 6.5% from 8.5% Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below