Atlatsa Resources Corporation (TSXV:ATL,NYSE:ATL,JSE:ATL) announced it has concluded an interim implementation agreement with Anglo American Platinum Limited.
As quoted in the press release:
Atlatsa, Plateau and the Bokoni group will consolidate outstanding debt and preference shares into its existing senior term loan facility with Anglo Platinum (“the Senior Loan”) on terms and conditions agreed between the parties in the first phase agreement. This will result in the repayment of preference shares through the redemption of all “A” preference shares outstanding in the share capital of Plateau and the Bokoni group, together with repayment of the Operating Cash Shortfall Facility loan within the Plateau and Bokoni group structures, which debt and preference shares will be consolidated into the Senior Loan going forward.
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