The Company and the lenders continue to work together to perfect the
Brazilian collateral documents which secure the Interim Loan, and have
agreed to extend the deadline for the perfection of this security until
While the terms of a comprehensive restructuring continue to be
discussed, at the date of this announcement, no binding agreements for
the restructuring of Mirabela's debt obligations have been concluded
nor has any opportunity or arrangement sufficiently progressed to be
announced to the market. No assurance can be given at this stage that
any definitive agreements or arrangements will be reached with any
party that the Company may be in discussions with.
SOURCE Mirabela Nickel Ltd.