Brief: Petropavlovsk Notes IRC's Announcement On Delay Of Loan Repayment

IRC

19/10/2018 17:28

Oct 19 (Reuters) - Petropavlovsk PLC  POG.L :
    * IRC ANNOUNCES UPDATE ON TEMPORARY BRIDGE LOAN
    * NOTES ANNOUNCEMENT MADE TODAY BY IRC LTD ABOUT DELAY OF
ABOUT 2
MONTHS IN REPAYMENT OF TEMPORARY BRIDGE LOAN ADVANCED BY CO TO
IRC
    * CONFIRMS IT WILL NOT EXERCISE ITS RIGHT TO DEMAND
REPAYMENT OF
LOAN PROVIDED THAT ALL AMOUNTS ARE REPAID IN FULL BY DEC 20
    * CONFIRMS IT WILL NOT EXERCISE ITS RIGHT TO DEMAND
REPAYMENT OF
LOAN PROVIDED THAT  IRC IS TO PAY A FEE EQUIVALENT TO US$200,000

Source text for Eikon:  ID:nRSS6709Ea 
Further company coverage:  POG.L 

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