Jan 21 (Reuters) - MZI Resources Ltd (MZI) : DECIDED TO...

Jan 21 (Reuters) - MZI Resources Ltd (MZI) :

• DECIDED TO INITIATE PROCESS TO EXPLORE A SALE OR OTHER ALTERNATIVE TRANSACTION IN KEYSBROOK MINERALS SANDS ASSETS
• BOTH LENDERS HAVE INDICATED SUPPORT FOR ANY POTENTIAL SALE OR OTHER TRANSACTION TO BE CONDUCTED ON A "GOING CONCERN" BASIS
• REACHED IN-PRINCIPLE AGREEMENT WITH RESOURCE CAPITAL FUND VI L.P. ON TERMS OF SHORT-TERM FUNDING PACKAGE &OTHER FINANCIAL ACCOMMODATION
• RCF INDICATED IT WOULD CONSIDER RESTRUCTURE OF THEIR EXISTING DEBT OBLIGATIONS TO ALLOW A GOING CONCERN SALE OR TRANSACTION TO OCCUR

Source text (http//reut.rs/2DoO5GY)

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