Brief: Hudson Resources Announces Addition To Working Capital And Extension Of Loan Agreement

AnorTech

29/03/2019 13:10

March 29 (Reuters) - Hudson Resources Inc  HUD.V :
    * HUDSON RESOURCES ANNOUNCES ADDITION TO WORKING CAPITAL AND
EXTENSION OF LOAN AGREEMENT
    * HUDSON RESOURCES - CORDIANT IS ARRANGING INCREASE OF UP TO
$8
MILLION TO CURRENT LOAN FACILITY OF US$22.5M TO BE USED FOR
WORKING CAPITAL PURPOSES
    * HUDSON RESOURCES - AGREEMENT REACHED WITH CORDIANT CAPITAL
INC
TO EXTEND MATURITY AND FIRST PRINCIPAL PAYMENT OF ITS LOAN BY
ONE YEAR
    * HUDSON RESOURCES INC - ADDITIONAL FUNDS ARE GENERALLY ON
SAME
TERMS AS CURRENT FACILITY
    * HUDSON RESOURCES - MATURITY OF LOAN FACILITY WILL BE
EXTENDED
FROM JULY 15, 2024 TO JULY 15, 2025
    * HUDSON RESOURCES - CO HAS AGREED TO GRANT CORDIANT WARRANT
PACKAGE CONSISTING OF 2.85 MILLION WARRANTS AT PRICE OF $0.45
FOR A PERIOD OF FIVE YEARS
    * HUDSON RESOURCES INC - CORDIANT WILL ELECT A MEMBER TO
JOIN
HUDSON BOARD AS AN OBSERVER
    * HUDSON RESOURCES INC - COMPANY IS ALSO ACTIVELY INVOLVED
IN
DISCUSSIONS WITH SEVERAL POTENTIAL CUSTOMERS REGARDING NEW
OFF-TAKE AGREEMENTS

Source text for Eikon:  ID:nGNX5W9qBf 
Further company coverage:  HUD.V 

 (Reuters.Briefs@thomsonreuters.com)