News: Hazelwood Resources gains extension for debt facility repayment

Hazelwood Resources (ASX:HAZ) may be closer to its shares to trading once again on the Australian Securities Exchange after Siderian Resources Capital agreed to further extend the repayment date of its debt facility to 23 April 2015.

The company said it anticipates being in a position to announce details of the proposed financing and capital raising plans by the repayment date.

This would seek to repay the existing Siderian Debt Facility and raise additional working capital.

This would dovetail with new executive chairman Mark Warren's efforts to revitalise the company's ferrotungsten producing operation in Vietnam.

Hazelwood has a majority interest in the one of the largest, advanced ferrotungsten plants outside of China. Ferrotungsten is used in steels and alloys.