Liberty Mines Inc. (TSX:LBE) announced that it will extend the maturity date for two separate loan and restructuring agreements that had been signed with Jien International Investment Ltd.
As quoted in the press release:
The loan agreement was originally signed on June 30, 2011, and provided Liberty a fully-drawn term loan of C$28,914,849.06 and a fully-drawn revolving loan in the principal amount of C$20,000,000. Its original maturity date was December 31, 2012.
Liberty Mines’ President and CEO, Chris Stewart, said:
We are very pleased with Jien’s continued support and commitment to Liberty.