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Wolf executes debt restructuring deal

Wolf's debt restructuring plans will carry it over until October

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The Wolf facility at Drakelands

Wolf Minerals LTD (LON:WLFE) has executed its previously announced debt restructuring deal which involves the deferred payment of principal, interest and other amounts due at the end of July 2018.

To underpin this, the company has received guarantor consent from the German government’s United Loan Guarantee Scheme.

READ: Wolf Minerals extends bridging facility

In addition, Wolf has received the first £2mln instalment of a new £4mln bridge facility, as well as an initial amount from a fund that was previously allocated to tackle noise and vibration.

Quick facts: Wolf Minerals Limited

Price: 0.035 AUD

ASX:WLF
Market: ASX
Market Cap: $38.18 m
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Demise of Wolf Minerals Ltd 'a blow for UK mining' - Alastair Ford

Mining Capital's Alastair Ford discusses the collapse this week of Wolf Minerals Limited (LON:WLFE) (ASX:WLF). Ford says what really did it for Wolf was simply that the economics of production at Hemerdon never really stacked up. He adds that its major investor RCF will now be staring...

on 12/10/18

2 min read