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News: B2Y Bounty Mining Says Received A Letter From Amaroo Notifying Co Of Event Of Default

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    20/09/19
    17:05
    Post #: 40500489

    Sept 20 (Reuters) - Bounty Mining Ltd (B2Y) :

    • UPDATES ON LOAN FACILITY AGREEMENT WITH MAJOR SHAREHOLDER AMAROO BLACKDOWN INVESTMENTS, LLC
    • RECEIVED A LETTER FROM AMAROO NOTIFYING BOUNTY OF EVENT OF DEFAULT AND NOTING BOUNTY'S REQUEST FOR A WAIVER
    • LETTER CONFIRMS THAT AMAROO EXPECTS TO RESPOND SOMETIME DURING WEEK COMMENCING 23 SEPTEMBER 2019
    • ON SEPT 16, PARTIES DETERMINED BOUNTY HAD NOT MET MONTHLY FREE CASH FLOW COVENANT REGARDING LOAN AGREEMENT
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