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16 Aug
01:49

Mallee Resources in talks with potential funding party

Australia’s Avebury nickel mine owner Mallee Resources is in discussions with a potential funding party, Kallanish reports.   The group says in a statement that the company’s standstill agreement with its largest shareholder Hartree Partners, which allows for the deferred payment of loan principal and interest payments, has been extended to 17 August. This is to allow the company time to complete binding documentation for a refinancing transaction…
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