VANCOUVER, British Columbia, June 17, 2020 (GLOBE NEWSWIRE) -- HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) reports that it has entered into an amendment agreement with Cordiant Capital Inc. and Apex Asset Management AG (the "Lenders") to extend the maturity date of its US$10 million six month bridge loan facility to June 30, 2020. As previously announced on June 11, 2020, the Company has reached an agreement in principle with the Lenders to restructure the outstanding debt on the White Mountain Anorthosite mine and to provide an injection of working capital into Hudson Greenland A/S. The extension allows the Company and Lenders additional time to finalize the details and terms of a definitive agreement which will be subject to applicable regulatory approvals.
Hudson Resources and Lenders Agree to Short-Term Extension of Loan Maturity
Jun 17, 2020
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