Ten Sixty Four Strikes Major Loan Settlement with Philsaga

Ten Sixty Four Limited (AU:X64) has released an update.

Ten Sixty Four Limited has reached a Memorandum of Agreement with Philsaga Mining Corporation involving a substantial loan settlement. This agreement includes a special dividend and structured repayments totaling USD248 million, positioning the company to exit administration. A common stock dividend of USD4 million has also been declared by their subsidiary, MMPRC, enhancing their financial restructuring efforts.

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