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
