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Aureus Mining's first debt repayment is deferred

Published: 10:13 27 Jan 2016 GMT

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A final mine plan will be selected by the end of February

Aureus Mining (LON:AUE, TSE:AUE) has received the OK from its lend to defer its first debt repayment, which is due on 31 January 2016.

Talks will now take place between the company and its lenders over an appropriate debt repayment schedule, following the review of various mine plan scenarios.

Aureus said it expects a final mine plan will be selected by the end of February 2016.

The company has engaged RBC Capital Markets as its financial advisor to assist in undertaking a strategic review of the company, including examining and considering potential alternatives that may be available to Aureus. 

The lenders are supportive of the strategic review process, Aureus said.

Aureus is aiming to build a long term and sustainable gold district in Liberia and earlier this month wrapped up its purchase of a trio of exploration licences close to its New Liberty mine.

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