January 22, 2017 2:04 PM ET

Metals and Mining

Company Overview of FCF Minerals Corporation

Company Overview

FCF Minerals Corporation, a mining company, engages in the exploration, development, and commercial operation of mineral claims of gold and molybdenum mining projects. The company was incorporated in 2001 and is based in Makati City, the Philippines. As of September 29, 2005, FCF Minerals Corporation operates as a subsidiary of Metals Exploration Plc.

22nd Floor

Salcedo Towers

169 H.V. Dela Costa Street

Salcedo Village

Makati City,  1227

Philippines

Founded in 2001

Phone:

63 2 659 5662

Fax:

63 2 846 8507

Key Executives for FCF Minerals Corporation

FCF Minerals Corporation does not have any Key Executives recorded.

FCF Minerals Corporation Key Developments

FCF Minerals Corporation Announces Rescheduled Capital Repayments

Metals Exploration, through its Philippine subsidiary company FCF Minerals Corporation (FCF) announced that it has been in discussions with the Project's lenders of its senior debt facility wherein an agreement has been reached to reschedule the USD 75 million capital repayments. The rescheduling of the capital repayments recognised the delay experienced in commencing commercial operations and the associated lack of cash flow to meet the December 2015 repayment. A revised repayment schedule has been designed to accommodate a later operations start date, agreed as follows: Repayment date as of 31 December 2015 Original repayment schedule of USD 13,000,000 revised repayment schedule is nil. Repayment date as of 31 March 2016 Original repayment schedule of USD 13,000,000 revised repayment schedule is USD 2,000,000. Repayment date as of 1 June 2016 Original repayment schedule of USD 13,000,000 revised repayment schedule is USD 15,000,000. Repayment date as of 1 December 2016 Original repayment schedule of USD 13,000,000 revised repayment schedule is USD 15,000,000. Repayment date as of 1 June 2017 Original repayment schedule of USD 13,000,000 revised repayment schedule is USD 15,000,000. Repayment date as of 1 December 2017 Original repayment schedule of USD 8,000,000 revised repayment schedule is USD 13,000,000. Repayment date as of 1 June 2018 Original repayment schedule of USD 8,000,000 revised repayment schedule is USD 8,000,000. Repayment date as of 1 December 2018 Original repayment schedule of USD 7,000,000 revised repayment schedule is USD 7,000,000. The 31 December 2015 interest payment has been paid in full and the only amendment to the original interest repayment schedule is to include the interest payable on USD 2 million into the first quarter of 2016, payable 31 March 2016. The tenor of the loan facility remains the same, terminating 31 December 2018.

Recent Private Companies Transactions

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