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China Nonferrous Gold gets 1-year repayment extension for US$6.5M loan

China Nonferrous Gold Ltd. signed a deal to gain a one-year repayment extension for a US$6.5 million loan facility from CNMC International Capitals Co. Ltd.

The facility is divided into three tranches of US$1 million, US$4 million and US$1.5 million, with extended repayment dates of Dec. 15, 2018; Dec. 23, 2018; and Jan. 19, 2019, respectively.

The loan's annual fixed interest rate was raised to 5%, from 4%, while a default annual interest rate of 6% remains unchanged, along with all other terms, the company said Dec. 14.