Premier African Minerals Ltd (LON:PREM) said Regent Mercantile Holdings Ltd has agreed to extend the repayment terms of a US$350,000 convertible loan note.
Under the terms of the loan agreement, entered into on 21 June, Premier was required to make to two equal payments on 1 August and 1 September. The miner now has until 31 January 2020 to repay the principal amount including any interest.
Chief executive George Roach said: "We are appreciative of this amended agreement with Regent. The loan agreement was always concluded on helpful and supportive terms and this extension underlines that."