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Matsa Resources Amends Nearly AU$18 Million Debt Facility With Deutsche Balaton; Shares Up 4%

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Matsa Resources (ASX:MAT) has amended the terms of its AU$17.5 million debt facility with major shareholder Deutsche Balaton, with key security measures now being implemented under the revised agreement, according to a Friday Australian bourse filing.

The company has registered a second mortgage over the Fortitude North tenement for tranche two and is progressing mortgage arrangements over the Red October gold project tenements for potential inclusion in tranche three, subject to drawdown, per the filing.

Security for the facility consists of mortgages over selected Devon Pit and Red October tenements, as well as a general security deed covering the subsidiaries Matsa Gold and Red October Gold, the filing said.

The company stated that the security package remains unchanged except for a reordering, and the Australian Securities Exchange confirmed that the Feb. 11 waiver remains in effect without amendment, the filing added.

The company's shares rose around 4% in recent Friday trade.

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