The Global Resource For Connecting Buyers and Sellers

TiZir partners foot bondholder bill

ASX-listed Mineral Deposits (MDL) and its partner Eramet have committed to A$6-million in funding to the jointly owned subsidiary TiZir, in order to meet a payment to bondholders.

In December of last year, the TiZir bond agreement was amended following an earlier bondholder meeting. One of the conditions of the amendment was that TiZir would be required to extend the early bird fee of 2.75% to all bondholders.