Melior Enters Into Further Standstill Amending Agreement and Extended Promissory Note
31 Dezembro 2020 - 9:30AM
Melior Resources Inc. (TSXV: “
MLR”)
(“
Melior” or the “
Company”)
refers to its press release of September 24, 2020 regarding the
Default Notice received from Pala Investments Ltd.
(“
Pala”) and the subsequent Standstill Agreement
entered into with Pala.
The Company announces that it has today entered
into a further standstill amending agreement with Pala pursuant to
which Pala has agreed to extend the standstill period until April
30, 2021.
Furthermore, Melior has today also entered into
an further amended demand promissory note (the “Amended
Promissory Note”) with Pala extending the maturity of the
loan from December 31, 2020 to April 30, 2021. All other terms of
the Amended Promissory Note remain the same.
MELIOR RESOURCES INC.Martyn
ButtenshawInterim Chief Executive
Officer+41 41 560
9070info@meliorresources.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Melior Resources (TSXV:MLR)
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