Brief: Starcore International Mines has obtained repayment of outstanding secured bonds

Starcore International Mines

11/11/2016 22:00

Nov 11 (Reuters) - Starcore International Mines Ltd 
 SAM.TO :  
    * Starcore International Mines - has obtained an extension 
on repayment of outstanding secured bonds in aggregate principal 
amount of CDN$4.5 million 
    * Bonds were to mature on Nov 12, 2016. 
    * Starcore international mines  - bond holder agreed to 
extend maturity date by 6 months, with bonds continuing to be 
secured and bearing interest at 8 pct per annum 
    * Starcore International Mines - as consideration for 
extension of bonds, starcore will pay a prolongation fee of one 
percent at end of extended term. 
    * Starcore International Mines - bonds, together with 
prolongation fee, interest for additional 6 months of term, will 
be payable on new maturity date of May 12, 2017 
 
Source text for Eikon:  ID:nCCN6g7bYJ  
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