Jervois Secures Additional US$24.5M Under Working Capital Facility
Summary
( ) TheNewswire (Jervois) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) advises it has secured from its lender under the Jervois Finland Working Capital Facility (the JFO Facility) a increase in the limit for the delayed draw term loan (the Term Loan), first announced on . Due diligence and negotiations continue to advance in respect of these potential restructuring transactions.The JFO Facility maturity date, including Term Loan, is extended to . The process to obtain the necessary written resolution of the ICO bondholders will commence, and is expected to be passed, in the coming days, as the majority holder has agreed that its more than 2/3 of the principal amount of the ICO Bonds will approve the amendment.For further information, please contact:This news release may contain certain Forward-Looking Statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Such statements represent Jervois current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Jervois, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Jervois does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.Neither nor its Regulation Services Provider (as that term is defined in policies of the ) accepts responsibility for the adequacy or accuracy of this release.