July 28 (Reuters) - Legend Mining Ltd LEG.AX :
* Recently approached by jindal mining and exploration with a request to reschedule payment terms
* Approach with request to reschedule payment terms under the share sale and purchase and assignment of debts agreement
* $5.5M payable under agreement upon grant of mining convention at cameroon project rescheduled to be paid upon first commercial shipment of iron ore from project
* Amendments to payment schedule were not made lightly and reflect the difficult conditions currently being experienced in iron ore industry
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