News: WLF Wolf Minerals says in breach of loan covenant under senior debt finance facilities

Sept 30 (Reuters) - Wolf Minerals Ltd (WLF)

• Announced that it is in breach of a loan covenant under senior debt finance facilities
• "Discussions have been positive and have advanced to a negotiated draft non-binding term sheet for a funding solution"
• Decided to defer release of company's annual report and audited financial statements for year ended 30 june 2016 until funding solution is finalised
• Has been in discussions with lenders and Resource Capital Fund Vi L.P. In relation to forecast cash flows and financial position