Brief: Sumatra Copper & Gold and unit agree terms with lenders

Western Ridge Resources

25/11/2016 03:07

Nov 25 (Reuters) - Sumatra Copper & Gold Plc  SUM.AX : 
    * Company, and unit PT Dwinad Nusa Sejahtera has agreed 
terms with its lenders and major shareholders 
    * Provident minerals and PT Saratoga Investama Sedaya Tbk, 
agreed to take-up any shortfall in initial equity raise and 
major equity raise 
    * Terms to amend existing US$45 million senior secured debt 
facility and convertible notes that will lower cost and amount 
of debt 
 
Source text for Eikon:  ID:nASX3rbltz  
Further company coverage:  SUM.AX  
 
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