GREY:ATLDF - Post by User
Comment by
Skippy2015on Apr 01, 2015 4:17pm
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Post# 23588762
RE:RE:Does Not Look Good
RE:RE:Does Not Look GoodFound this from earlier this year:
Toronto, Ontario – Atlanta Gold Inc. (TSXV: ATG; OTC Pink: ATLDF) announces that Concept Capital Management Ltd. (“CCM”), the holder of the Company’s C$3 million 6% convertible debenture due December 15, 2016, has agreed to extend the period of forbearance under the previously entered into forbearance agreement with the Company (see the Company’s news releases of December 22, 2014 and February 2, 2015) until March 31, 2015. During this period, CCM has agreed to refrain from exercising any remedies it may have under the debenture and related documents and the Company and CCM have agreed to use their reasonable best efforts to negotiate terms to refinance the debenture. CCM had previously requested that the debenture be redeemed in accordance with the debenture’s early redemption provisions. Completion of any refinancing transaction will be subject to the approval of the TSX Venture Exchange.