November 11, 2016 / 10:32 PM / 9 months ago

BRIEF-Starcore International Mines has obtained repayment of outstanding secured bonds

1 Min Read

Nov 11 (Reuters) - Starcore International Mines Ltd :

* Starcore International Mines - has obtained an extension on repayment of outstanding secured bonds in aggregate principal amount of CDN$4.5 million

* Bonds were to mature on Nov 12, 2016.

* Starcore international mines - bond holder agreed to extend maturity date by 6 months, with bonds continuing to be secured and bearing interest at 8 pct per annum

* Starcore International Mines - as consideration for extension of bonds, starcore will pay a prolongation fee of one percent at end of extended term.

* Starcore International Mines - bonds, together with prolongation fee, interest for additional 6 months of term, will be payable on new maturity date of May 12, 2017 Source text for Eikon: Further company coverage:

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