SDL sundance resources limited
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News: SDL Sundance Resources Says Sundance, Austsino Noteholders Agree To New Agreement

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    08/07/19
    11:35
    Post #: 39418507

    July 8 (Reuters) - Sundance Resources Ltd (SDL) :

    • SUNDANCE, AUSTSINO AND SUNDANCE NOTEHOLDERS HAVE AGREED TO A NEW AGREEMENT
    • NEW AGREEMENT DOES NOT HAVE REINSTATEMENT OF MBALAM CONVENTION AS A CONDITION PRECEDENT
    • FOLLOWING COMPLETION OF NEW AGREEMENT, $25M WILL BE USED TO CANCEL SUNDANCE'S EXISTING CONVERTIBLE NOTES ON ISSUE
    • SUNDANCE AND AUSTSINO INTEND TO CONTINUE TO EXPLORE POTENTIAL REINSTATEMENT OF MBALAM CONVENTION
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