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Hummingbird Resources Extends Bridge Facility With Taurus Mining
LONDON (Alliance News) - Hummingbird Resources PLC on Thursday said it has extended its USD15 million bridge facility with Taurus Mining Finance Fund LP to September 8.
The West African gold development company said the extension allows for both parties to work together towards a fully-funded finance package for the Yanfolila gold project in Mali, without the timing of the bridge disrupting discussions.
Hummingbird added that SENET (Pty) Ltd has agreed to defer USD1.7 million of fees which were previously due for payment in April 2016, for an additional period of up to 12 months.
Shares in Hummingbird Resources were trading down 7.0% at 18.60 pence on Thursday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest HUM News
- Mali gold production plunges 23% in 2024
8 Feb 2025 - IN BRIEF: Hummingbird says takeover offer to be declared unconditional
3 Jan 2025 - Nioko acquisition of Hummingbird Resources to be declared unconditional
2 Jan 2025 - IN BRIEF: Hummingbird Resources secures USD35.6 million loan
31 Dec 2024 - Hummingbird refinances Coris loans with $35.6m borrowing
31 Dec 2024 - IN BRIEF: Hummingbird Resources agrees CIG loan extension
24 Dec 2024 - Hummingbird urges shareholders to vote in line amid cash crisis
23 Dec 2024 - IN BRIEF: Hummingbird Resources agrees takeover terms with Nioko
16 Dec 2024
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