The waiver relates to the Terramin Standby Term Facility and Bird-in-Hand (BiH) Facility (the Facilities). As advised to the ASX on
The independent Non-Executive Directors considered the availability and conditions attached to alternative funding arrangements received over the last 12 months from alternative financial providers and determined, in the circumstances, that the changes to the Facilities were fair and reasonable whilst the Company continues to progress discussions with potential project financiers.
The terms of the waiver are attached to this announcement. The Company expects to be in a position to repay the outstanding debt owed to Asipac under the Facility in accordance with its terms.
Contact:
Tel: +61 8 8213 1415
Email: info@terramin.com.au
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