KRM 5.56% 3.4¢ kingsrose mining limited

Feb 23 (Reuters) - Kingsrose Mining Ltd (KRM) Administrators,...

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    Feb 23 (Reuters) - Kingsrose Mining Ltd (KRM)

    • Administrators, Michael Ryan and Ian Francis of fti consulting, have renegotiated terms of Kingsrose's secured debt facilities
    • Kingsrose owes secured lenders total of $9.6m million
    • under revised agreements, mja (a$2.25m) and ggil (a$2.94m) agreed to convert their debt to equity
    • Deals conditional on Kingsrose raising $4 million or alternative debt arrangements with at least $1 million through equity within 3 months
 
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