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Tiger Resources further delays debt repayment with 2nd forbearance deal

Tiger Resources Ltd. signed a second deed of forbearance with its senior lender group, deferring the repayment till Oct. 31, 2019.

The initial deed of forbearance singed in September 2017 was scheduled to conclude Oct. 24, 2018.

The deed will allow the company to focus on implementing an updated life-of-mine plan for its Kipoi copper project in the Democratic Republic of the Congo and complete its restructuring and recapitalization process.

The company will remain in voluntary suspension from trading on the ASX, it said Oct. 5.