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BRIEF-Almonty announces the full repayment of the outstanding loan owed to TaeguTec Ltd
November 28, 2016 / 9:25 PM / a year ago

BRIEF-Almonty announces the full repayment of the outstanding loan owed to TaeguTec Ltd

Nov 28 (Reuters) - Almonty Industries Inc

* Almonty announces the full repayment of the outstanding loan owed to TaeguTec Ltd and has received a letter of commitment from an industry participant for the remaining necessary funding for the buildout of the Sangdong mine

* Almonty Industries says has repaid outstanding C$6.5 million loan and accrued interest that was owed to TaeguTec Ltd

* Almonty Industries says in addition, co, TaeguTec terminated all other agreements that were previously in effect between parties relating to Sangdong

* Almonty Industries says believes outcome of negotiations will satisfy requirements of LOC up to KRW 50 billion of debt financing Source text for Eikon: Further company coverage:

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