Mawson West Limited

Mawson West Limited

April 08, 2015 08:00 ET

Mawson West Announces Amendment to Prepayment Agreement

PERTH, AUSTRALIA--(Marketwired - April 8, 2015) - Mawson West Limited (TSX:MWE) ("Mawson West" or "the Company") announces that it has entered into an Amendment Deed with Trafigura Pte. Ltd ("Trafigura") with regard to the existing Prepayment Agreement, deferring repayments by 12 months and extending the maturity date from 30 June 2017 to 30 June 2018 in accordance with the new revised schedule outlined below. No other changes have been made under the Prepayment Agreement and the principal amount owing under the facility of US$50 million remains fully repayable by the revised maturity date of 30 June 2018.

Repayment Schedule:

Repayment Date Principal Repayment Amount
31 March 2016 $3,000,000
30 June 2016 $3,000,000
30 September 2016 $3,000,000
31 December 2016 $3,000,000
31 March 2017 $6,000,000
30 June 2017 $6,000,000
30 September 2017 $7,000,000
31 December 2017 $7,000,000
30 March 2018 $6,000,000
30 June 2018 $6,000,000

About Mawson West

Mawson West is a copper and silver-focused resource company listed on the Toronto Stock Exchange (TSX) and based in Perth, Australia.

The Company's two key projects are the Dikulushi copper-silver mine, currently on care and maintenance, and the Kapulo copper mine located in the South Eastern province of the DRC. Mawson West has a significant land holding of approximately 7,300km2 in the DRC's rich copper belt.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.

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