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Tiger extends its loan repayments

Copper miner Tiger Resources has reached an agreement with the senior lender group of its $162.5-million financing facility to extend the repayment date.

Tiger on Friday said that both the first repayment installment of $1.625-million and the second scheduled repayment of $812 500 will now only be due in June this year, while a number of other conditions under the financing facility was also extended or waived.