StockMarketWire.com - Firestone Diamonds said that as part of its current review of its life of mine plan for the Liqhobong diamond mine, published 8 August, ABSA Bank Limited had extended the financial completion date in respect of the US$82.4 million debt facility from 22 September 2017 to 30 June 2018.

Firestone said that as a result of the extension, the ABSA debt facility covenants would now only come into effect upon financial completion being achieved on or before 30 June 2018.

The company said it was also in discussions with ABSA regarding any amendments that might be required to the ABSA debt facility in order to enable the implementation of the optimised mine plan, further details of which the company anticipated to announce during Q4 CY 2017.



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