Bounty may be in default of Amaroo loan

AMAROO Blackdown Investments will this month notify Bounty Mining if it is in default of a $20 million loan after the Queensland mining company asked its major shareholder for a free cash flow waiver.

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Bounty may be in default of Amaroo loan Bounty may be in default of Amaroo loan Bounty may be in default of Amaroo loan Bounty may be in default of Amaroo loan Bounty may be in default of Amaroo loan

Under the terms of its loan facility agreement dated December 27 2018 with Amaroo, Bounty has been required to meet a monthly free cash flow covenant since February 1 2019.

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