Sept 28 (Reuters) - Atlas Iron Ltd (AGO) : ATLAS LENDERS WAIVE...

Sept 28 (Reuters) - Atlas Iron Ltd (AGO) :

• ATLAS LENDERS WAIVE LOAN DEFAULT
• REDSTONE HAS GRANTED LENDERS A 60-DAY PUT OPTION COMMENCING ON 3 OCTOBER 2018
• REFERS TO OFF-MARKET TAKEOVER BID FOR ALL ISSUED SHARES OF ATLAS BY HANCOCK PROSPECTING PTY LTD
• ASX HAS CONFIRMED ANY PURCHASE OF TERM LOAN B DEBT BY REDSTONE ON EXERCISE OF PUT OPTION DOES NOT REQUIRE APPROVAL OF ATLAS SHAREHOLDERS
• LENDERS ALSO WAIVE ANY FUTURE DEFAULT IN CONNECTION WITH POTENTIAL UNWIND OF ALLIANCE AGREEMENT BETWEEN CO & MINERAL RESOURCES
• ALLIANCE AGREEMENT ARRANGEMENTS WOULD REQUIRE CO TO PURCHASE MINERAL RESOURCES' 10% INTEREST IN ATLAS PTY LTD FOR A$4 MILLION

Source text (http//reut.rs/2Qe3kGd)

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