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Sterling Resources enters into Recapitalization Agreement, summons Bondholder meeting and announces operational and financial update
Sterling Resources enters into Recapitalization Agreement, summons Bondholder meeting and ...
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[{"type":"text","content":"\n\n\n\nSterling Resources enters into Recapitalization Agreement, summons Bondholder meeting and announces operational and financial update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen5{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen4{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.67em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen2{\nBORDER-BOTTOM:0pt; BORDER-LEFT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt; BORDER-RIGHT:0pt\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n\n\n\n\n\n\nSterling Resources enters into Recapitalization Agreement, summons Bondholder meeting and announces operational and financial update\nCanada NewsWire\nCALGARY, March 11, 2016\n\n\n\nCALGARY, March 11, 2016 /CNW/ - Sterling Resources Ltd. (TSX-V: SLG) (\"Sterling\" or the \"Company\" and together with its subsidiaries the \"Group\") announces today that it has entered into a recapitalization agreement (the \"Recapitalization Agreement\") with its subsidiary, Sterling Resources (UK) Ltd. (\"SRUK\") and Nordic Trustee ASA (the \"Bond Trustee\") in relation to the senior secured bond (ticker on Nordic ABM exchange: STRE01 PRO)(the \"Bond\") issued by SRUK pursuant to a bond agreement originally dated May 2, 2013, as subsequently amended (the \"Bond Agreement\"), pursuant to which the Company will undertake a number of recapitalization activities described in further detail below (collectively, the \"Recapitalization\").  A copy of the Recapitalization Agreement and certain related documents have been or will be filed with Canadian se...