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BRIEF-Bounty Mining Says Received A Letter From Amaroo Notifying Co Of Event Of Default

Published 20/09/2019, 05:01 pm
© Reuters.  BRIEF-Bounty Mining Says Received A Letter From Amaroo Notifying Co Of Event Of Default
B2Y
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Sept 20 (Reuters) - Bounty Mining Ltd B2Y.AX :

* UPDATES ON LOAN FACILITY AGREEMENT WITH MAJOR SHAREHOLDER AMAROO BLACKDOWN INVESTMENTS, LLC

* RECEIVED A LETTER FROM AMAROO NOTIFYING BOUNTY OF EVENT OF DEFAULT AND NOTING BOUNTY'S REQUEST FOR A WAIVER

* LETTER CONFIRMS THAT AMAROO EXPECTS TO RESPOND SOMETIME DURING WEEK COMMENCING 23 SEPTEMBER 2019

* ON SEPT 16, PARTIES DETERMINED BOUNTY HAD NOT MET MONTHLY FREE CASH FLOW COVENANT REGARDING LOAN AGREEMENT

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