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Diamcor announces arranging for loan deferral
The maturity date has been extended for six months
By: Diamond World News Service
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Jan 25 2016 8:45AM
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Reference: 12601  

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Diamcor Mining Inc. announced that in support of the company’s plans, Tiffany & Co. Canada has agreed to payment deferrals and maturity date extension in respect of its loan and convertible debenture financings with the company for a period of six months.

The arrangement is subject to the finalization and execution of amended documentation whereby interest will continue to accrue on the outstanding balances of the financing facilities during this period, with payments of both principal and interest to commence again on July 20, 2016.

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