- Aeon Metals (AML) extends loan repayment to a fund managed by OCP Asia by 12 months
- The company says its major shareholder and lender, OL Master, agreed to the extension, with the facility now due on December 17, 2024
- Aeon will pay an amendment fee equivalent to two per cent of the total OCP facility size, payable at maturity date
- The initial debt of $27.68 million was originally due in December 2017, however the company extended the facility a number of times
- AML shares were down 6.6 per cent, trading at 2.8 cents at market close
Aeon Metals (AML) has extended a loan repayment to a fund managed by OCP Asia by 12 months.
The company said its major shareholder and lender, OL Master, agreed to the extension, with the facility now due on December 17, 2024.
Aeon has agreed to an amendment fee equivalent to two per cent of the total OCP facility size, payable at maturity date.
The initial debt of $27.68 million was due back in December 2017, however the company has extended the facility a number of times.
The company said OCP remains “very supportive of Aeon Metals.”
AML shares were down 6.6 per cent, trading at 2.8 cents at market close.