Under the amendments, the availability period of the second loan has been extended to December 31, 2019, from March 31, the repayment dates for both loans have been extended to the same date from the end of 2018, and the non-default interest rate of the aggregate of 5.0% and LIBOR will continue to accrue in the period of amended repayment dates.
The two loans Hudson provided to fund Bellzone's working capital in 2016 and 2017 were worth
Also, CS International Pte Ltd has agreed to amend its
CS's loan repayment date has been extended to the end of 2019, and the interest rate will continue to accrue in the period to the amended date.
The refinancing of Bellzone's long term facilities is expected to give the company added operational visibility and flexibility.
Shares in Bellzone Mining were down 0.1% at
