May 16 (Reuters) - AJ Lucas Group Ltd AJL.AX :
* AJ Lucas signs secured bond financing term sheet
* Signs secured bond financing term sheet and agrees restructure of its existing debt
* Deal for US$45 million of new senior secured debt
* Kerogen agrees to restructure and extend its facility
* Kerogen investments no.1 (hk) limited agreed to subordinate amounts owing to it by AJ Lucas under existing facility
* Intended that financing will primarily be used to settle in full amounts owing to the ato; fund drilling appraisal activities
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