Post by
richardtrader on Apr 08, 2015 8:45am
42 minutes ago
Mawson West Announces Amendment to Prepayment Agreement T.MWE | PERTH, AUSTRALIA--(Marketwired - April 8, 2015) - Mawson West Limited (TSX:MWE) ("Mawson West" or "the Company") announces that it has entered into an Amendment Deed with Trafigura Pte. Ltd ("Trafigura") with regard to the existing Prepayment Agreement, deferring repayments by 12 months and extending the maturity date from 30 June 2017 to 30 June 2018 in accordance with the new revised schedule outlined below. No other changes have been made under the Prepayment Agreement and the principal amount owing under the facility of US$50 million remains fully repayable by the revised maturity date of 30 June 2018. Repayment Schedule: Repayment Date Principal Repayment Amount 31 March 2016 $3,000,000 30 June 2016 $3,000,000 30 September 2016 $3,000,000 31 December 2016 $3,000,000 31 March 2017 $6,000,000 30 June 2017 $6,000,000 30 September 2017 $7,000,000 31 December 2017 $7,000,000 30 March 2018 $6,000,000 30 June 2018 $6,000,000