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COPYRIGHT 2002 Asia Pulse Pty Ltd
PERTH, June 28 Asia Pulse - Western Metals Ltd (ASX:WMT) today said debt restructure arrangements with its major financiers have been extended until July 16.
The base metals miner said negotiations are progressing positively and that the extension was agreed by all parties to complete and execution formal documentation arising from the common terms sheet signed on March 15.
It said it is satisfied that agreement in principle has now emerged on several outstanding issues of the arrangements, particularly with respect to the terms of ongoing support from the noteholders.
"...this further extension is designed to allow...
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