January 31, 2017 / 12:24 PM / 9 months ago

BRIEF-Avesoro Resources receives approval of revised term sheet from credit committees of Nedbank Ltd, FirstRand Bank Ltd

Jan 31 (Reuters) - Avesoro Resources Inc :

* Avesoro Resources Inc - credit committee approval of revised and improved finance facility terms

* Avesoro Resources Inc - received approval of a revised term sheet from credit committees of Nedbank Limited and Firstrand Bank Limited

* Avesoro Resources Inc - rescheduled repayment structure agreed with no further capital repayments due until 31 march 2018

* Avesoro Resources Inc - senior facility loan tenor extended by two years until 31 January 2022

* Avesoro Resources Inc - company’s lenders have extended default waiver and standstill agreement announced on 15 December 2017 until 31 march 2017 Source text for Eikon: Further company coverage:

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