Aeon Metals Extends loan facility by 12 months
- Aeon Metals (AML) extends loan repayment to a fund managed by OCP Asia by 12 months
- The company says its major shareholder and lender, OL Master, agreed to the extension, with the facility now due on December 17, 2024
- Aeon will pay an amendment fee equivalent to two per cent of the total OCP facility size, payable at maturity date
- The initial debt of $27.68 million was originally due in December 2017, however the company extended the facility a number of times
- AML shares were down 6.6 per cent, trading at 2.8 cents at market close
