Thursday February 20, 2020

Boardroom Briefing

Loan extension for Aminex

7th June, 2015
2
Aminex chairman Brian Hall.

✽ Oil and gas company Aminex has negotiated a six-month extension of its $7.6 million corporate loan facility until January 31 to allow it to complete ongoing repayment and refinancing discussions.

The exploration group said it is currently in discussions with a “substantial financial group” which has indicated a willingness in principle to make loan finance available to the company. This would allow Aminex to pay down its existing loans and to continue to develop its Tanzanian licences....

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