Impact - neutral
Long Run has announced an extension to its interim forbearance and amending agreement to its credit facility with its lending syndicate extending the relief period from January 22, 2016 to January 29, 2016, with Management anticipating the amendments will be executed by the end of the forbearance period. Management noted this does not impact the previously announced plan of arrangement to sell the Company which is still expected to close in April 2016.
25 Jan 2016
LONG RUN EXPLORATION LTD. (LRE) ANNOUNCES EXTENSION OF INTERIM FORBEARANCE AGREEMENT WITH ITS LENDING SYNDICATE AND DEFERRAL OF PAYMENT OF INTEREST ON CONVERTIBLE DEBENTURES
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LONG RUN EXPLORATION LTD. (LRE) ANNOUNCES EXTENSION OF INTERIM FORBEARANCE AGREEMENT WITH ITS LENDING SYNDICATE AND DEFERRAL OF PAYMENT OF INTEREST ON CONVERTIBLE DEBENTURES
Lar Espana Real Estate SOCIMI SA (0QRL:LON) | 0 0 0.0%
- Published:
25 Jan 2016 -
Author:
Michael Hearn -
Pages:
2
Impact - neutral
Long Run has announced an extension to its interim forbearance and amending agreement to its credit facility with its lending syndicate extending the relief period from January 22, 2016 to January 29, 2016, with Management anticipating the amendments will be executed by the end of the forbearance period. Management noted this does not impact the previously announced plan of arrangement to sell the Company which is still expected to close in April 2016.