Brief: Pembridge Resources Announces Minto Updates And New Terms Agreed With Pembridge

Pembridge Resources

02/05/2023 07:48

May 2 (Reuters) - Pembridge Resources PLC  PERE.L :
    * PEMBRIDGE RESOURCES  - MINTO UPDATES AND NEW TERMS AGREED
WITH
PEMBRIDGE
    * PEMBRIDGE RESOURCES PLC - MINTO METALS ANNOUNCES NEW
FUNDING
FACILITIES AND DEFERRAL OF CONSIDERATION UNDER SHARE PURCHASE
AGREEMENT
    * PEMBRIDGE RESOURCES PLC - PEMBRIDGE RECEIVES INDEMNITIES
AND
DEFERS MINTO REPAYMENTS
    * PEMBRIDGE RESOURCES PLC -  UNDER AGREEMENT, LION POINT
HAVE
AGREED TO PROVIDE SECURED NON-REVOLVING TERM FACILITY IN
PRINCIPAL AMOUNT UP OF CAD 1 MILLION
    * PEMBRIDGE RESOURCES PLC -  UNDER AGREEMENT PRINCIPAL
AMOUNT MAY
BE INCREASED TO CAD 2 MILLION SUBJECT TO FURTHER COMMITMENTS
    * PEMBRIDGE RESOURCES PLC - REPAYMENT OF FACILITY IS DUE ON
EARLIER OF 14 APRIL 2026
    * PEMBRIDGE RESOURCES - CO, MINTO AGREED TO DEFER REPAYMENT
OF
AMOUNTS & RECEIVE CAD $250,000 IN ABOUT EQUAL MONTHLY PAYMENTS
ENDING IN SEPTEMBER 2023

Source text for Eikon:  ID:nRSB9848Xa 
Further company coverage:  PERE.L 

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