Brief: Kerr Mines announces initial results of debt restructuring

Sabre Gold Mines

11/07/2016 22:00

July 11 (Reuters) - Kerr Mines Inc  KER.TO : 
    * Kerr Mines Inc. announces initial results of debt 
restructuring 
    * Reached settlement agreements with trade creditors and 
certain debt holders representing c$8.4 million of c$22.6 
million of current liabilities 
    * Kerr Mines Inc says Kerr is continuing negotiations with 
remaining secured and unsecured debt holders 
    * Has issued or agreed to issue a total of 6 million million 
common shares for certain debt settlement agreements 
 
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