Articles Tagged "TSXV:LGO"

Largo Resources to Secure C$12 Million Bridge Loan

Largo Resources (TSXV:LGO) has agreed to a term sheet with respect to a $12 million non-revolving, convertible term loan facility with an interest rate of 20 percent per year. Funds will be used to finance develop costs for Largo's Maracas Menchen mine in Brazil.

Largo Resources Receives Term Sheet for Debt Restructuring

After receiving some skepticism from at least one analyst regarding its production guidance and outlook for 2015, Largo Resources (TSXV:LGO) appears to have made progress towards a debt restructuring agreement. The company announced Monday that it had received a non-binding indicative term sheet from its existing lenders to defer its debt amortization schedule and extend maturities for its construction debt facility for the Maracas Menchen Mine.