Brief: Kerr Mines announces additional debt restructuring deals

Sabre Gold Mines

25/08/2016 20:19

Aug 25 (Reuters) - Kerr Mines Inc  KER.TO : 
    * Kerr Mines Inc announces additional debt restructuring 
transactions and a C$2 million long term debt facility 
    * Reached total settlement agreements with trade creditors 
and certain debt holders representing c$9.2 million of c$12.2 
million outstanding 
    * Debts is c$2.5 million which includes issuance of 7 
million common shares 
    * Has reached debt-restructuring agreements with Trans 
Oceanic Minerals Company Ltd 
 
Source text for Eikon:  ID:nMKWZFwBma  
Further company coverage:  KER.TO  
 
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