Avesoro amends finance facilities

TSX-and-Aim listed Avesoro Resources has completed the legal documentation required to amend its existing finance facilities with Nedbank and FirstRand Bank. According to the amended terms, no further capital repayments are due until March 31, 2018, allowing the company to generate a prudent level of cash reserves before repayments commence, with the repayments scheduled to reflect the current life-of-mine production profile of the New Liberty gold mine.