Altaley Mining Corp (CVE: ATLY- OTC: SOHFF) CEO Ralph Shearing joined Steve Darling from Proactive to share news the company has put itself in a much better financial position by restructuring 26 million in debt with Trafigura Mexico and Nyrstar Canada.
Shearing telling Proactive, the debt restructuring allows Altaley to move over 20 million of the restructured amount from short term debt to long term debt. These restructuring agreements are subject to Altaley closing its 12 million Accendo Banco Mid Term Loan Facility which is anticipated to close within the next two weeks.