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BRIEF-Legend Mining announces reschedule of payment terms

Published 28/07/2015, 06:41 pm
© Reuters.  BRIEF-Legend Mining announces reschedule of payment terms
LEG
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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

* Source text for Eikon ID:nASX1PT1Km

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