Brief: Scorpio Gold Announces Forbearance Agreement

Scorpio Gold

13/08/2018 23:53

Aug 13 (Reuters) - Scorpio Gold Corp  SGN.V :
    * SCORPIO GOLD ANNOUNCES FORBEARANCE AGREEMENT
    * FORBEARANCE AGREEMENT IN CONNECTION WITH REPAYMENT OF A
LOAN
ADVANCED FROM LENDER TO CO IN PRINCIPAL AMOUNT OF US$6 MILLION
    * LENDER AGREED TO NOT EXERCISE ITS RIGHTS AND REMEDIES IN
CONNECTION WITH LOAN AND EXTEND MATURITY DATE TO OCT 15
    * CO WILL USE PERIOD UNTIL OCTOBER 15 TO COMPLETE ITS REVIEW
OF
POTENTIAL STRATEGIC ALTERNATIVES, INCLUDING POSSIBLE SALE
TRANSACTION

Source text for Eikon:  ID:nGNX9gKlZG 
Further company coverage:  SGN.V 

 ((Reuters.Briefs@thomsonreuters.com;))