EDMONTON, Alberta, Sept. 10 /PRNewswire/ -- Echo Bay Mines Ltd.
(Toronto; Amex: ECO) announced today that the existing syndicated bank debt,
which has a balance of US$17 million after a US$2 million repayment on
September 5, 2001, has been extended to October 5, 2001. The company
anticipates that it will finalize the terms of a refinancing with the current
syndicate on or before that date.
Echo Bay mines gold and silver in North America. The primary markets for
its common shares are the American and Toronto stock exchanges.
The statement contained in this press release as to finalizing the terms
of debt refinancing is only a prediction. There is always the possibility the
refinancing may not be finalized as or when anticipated.
SOURCE Echo Bay Mines Ltd.
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Related links:
http://www.echobay.com
CONTACT:
Tom Yip, Vice President and Chief Financial
Officer of Echo Bay Mines Ltd., +1-303-714-8720
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