Brief: Sprott Resource Holdings Announces Notice Of Event Of Default For Mtv

Winchester Equity

06/04/2020 12:39

April 6 (Reuters) - Sprott Resource Holdings Inc  SRHI.TO :
    * SPROTT RESOURCE HOLDINGS INC. ANNOUNCES NOTICE OF EVENT OF
DEFAULT FOR MTV
    * SPROTT RESOURCE HOLDINGS - RECEIVED WRITTEN NOTICE FROM
LENDERS
OF UNIT THAT  EVENTS OF DEFAULT HAVE OCCURRED UNDER LOAN
FACILITY AGREEMENT WITH UNIT
    * SPROTT RESOURCE HOLDINGS  - LENDERS HAVE INFORMED UNIT AND
CO
THAT IT HAS CHOSEN NOT TO EXERCISE ITS RIGHTS AND REMEDIES UNDER
AGREEMENT AT THIS TIME
    * SPROTT RESOURCE HOLDINGS - LENDERS MAY CHOOSE TO EXERCISE
RIGHTS
AND REMEDIES UNDER AGREEMENT AT ANY TIME IN FUTURE WITHOUT ANY
FURTHER WRITTEN NOTICE
    * SPROTT RESOURCE HOLDINGS - CO, MTV & LENDERS IN PROCESS OF
CONTINUING DIALOGUE TO FIND SOLUTION TO LIQUIDITY & ECONOMIC
ISSUES BEING FACED BY MTV

Source text for Eikon:  ID:nGNXb0ZzBJ 
Further company coverage:  SRHI.TO 

 (Reuters.Briefs@thomsonreuters.com)