Metro Mining released an announcement earlier this week that they have restructured their debt and royalty with Nebari. Metro have entered into a binding and definitive agreement with Nebari for two additional tranches of debt financing for up to US$21m (A$33m). The first tranche of US$11.5m of funding allows Metro to buy-back the royalty held by Nebari. The second additional tranche of US$10m acts as standby finance for Metro. The US$11.5m is key in providing Metro with the additional liquidity ....
