Aeon Metals: Extends loan facility by 12 months

Aeon Metals Extends loan facility by 12 months

• Aeon Metals (AML) extends loan repayment to a fund managed by OCP Asia by 12 months
• The company says its major shareholder and lender, OL Master, agreed to the extension, with the facility now due on December 17, 2024
• Aeon will pay an amendment fee equivalent to two per cent of the total OCP facility size, payable at maturity date
• The initial debt of $27.68 million was originally due in December 2017, however the company extended the facility a number of times
• AML shares were down 6.6 per cent, trading at 2.8 cents at market close