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Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) will propose, to holders, an amendment to the terms of the unsecured gold-linked notes due December 31, 2016 issued by Colossus, through the Noteholders’ Meeting on Friday, January 10, 2014 at 10:00 am EST.
As quoted in the press release:
The Noteholders’ Meeting is called pursuant to the provisions of the trust indenture dated November 8, 2011 between Colossus and Equity Financial Trust Corporation (the “Trustee”) (the “Indenture”). The Noteholders’ Meeting is being held to approve, an extraordinary resolution (the “Noteholders’ Resolution”) to authorize Colossus to amend the terms of the Indenture to, among other things: (a) defer, until June 30, 2015, the payment of accrued interest on the Notes on each of December 31, 2013, June 30, 2014 and December 31, 2014; and (b) reduce the principal amount outstanding on the Notes from time to time based upon the aggregate amount added to the Company’s stated capital account between December 31, 2013 and June 30, 2015, all as more particularly described in the management’s information circular in connection with the Noteholders’ Meeting, which is expected to be filed as soon as practicable on www.sedar.com and on the Company’s website at www.colossusminerals.com.
Click here to read the Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) press release
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