RE: major23 Dec 2015 10:49
Korean Debt Rescheduling
Further to the press release on 25 November 2015 announcing the Company's intention to raise US$6.5 million in working capital and reschedule its loans from Korea Zinc Company Limited ("Korea Zinc"), ZincOx is pleased to announce that it has entered into a rescheduling agreement for the loans. The agreement also provides for the potential release of zinc concentrate to the Company which could be upgraded so as to enhance value and profitability.