Brief: Treasury Metals provides project update and announces loan extension

NeXGold Mining

08/05/2017 15:36

May 8 (Reuters) - Treasury Metals Inc  TML.TO  
    * 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    * Loan extension will be superseded with a definitive 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:  ID:nCNWN1lKNa  
Further company coverage:  TML.TO  
 
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