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Ten Sixty Four Secures US$10.5M Payment, Clearing Key Debt Milestone
3:14pm on Friday 24th of January, 2025 AEDT
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Mining
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Ten Sixty Four Secures US$10.5M Payment, Clearing Key Debt Milestone
3:14pm on Friday 24th of January, 2025 AEDT
Key Points
Received US$10.5 million initial payment from Philsaga Mining Corporation
Payment facilitates settlement of related party debts under Global Intercompany Settlement Deed
Progresses Ten Sixty Four’s Deed of Company Arrangement implementation
Payment received by subsidiary Mindanao Mineral Processing and Refining Corporation
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