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.
|Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with FCO to get their latest news instantly.|