Brief: Scorpio Gold Announces Forbearance Agreement
13/08/2018 23:53
Aug 13 (Reuters) - Scorpio Gold Corp SGN.V :
* SCORPIO GOLD ANNOUNCES FORBEARANCE AGREEMENT
* FORBEARANCE AGREEMENT IN CONNECTION WITH REPAYMENT OF A
LOAN
ADVANCED FROM LENDER TO CO IN PRINCIPAL AMOUNT OF US$6 MILLION
* LENDER AGREED TO NOT EXERCISE ITS RIGHTS AND REMEDIES IN
CONNECTION WITH LOAN AND EXTEND MATURITY DATE TO OCT 15
* CO WILL USE PERIOD UNTIL OCTOBER 15 TO COMPLETE ITS REVIEW
OF
POTENTIAL STRATEGIC ALTERNATIVES, INCLUDING POSSIBLE SALE
TRANSACTION
Source text for Eikon: ID:nGNX9gKlZG
Further company coverage: SGN.V
((Reuters.Briefs@thomsonreuters.com;))
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