|
TORONTO, ONTARIO--(Marketwired - Jan. 19, 2016) - First Bauxite Corporation (the "Company") (TSX VENTURE:FBX) is pleased to announce that it has entered into an extension agreement with its note holders to extend from January 19, 2016 to February 29, 2016 the maturity date in all the outstanding notes issued by the Company to the Pacific Road Resources Funds and Resource Capital Fund V L.P. The Company also agreed to revise the Tranche 2 Purchase Date to February 29, 2016 in the note purchase agreement dated October 30, 2015 between the Company and Resource Capital Fund VI L.P. related to the 8% interest bearing convertible note issuable to RCF VI in the principal amount of US$11,000,000. |
