FEC Receives Further Extension for Loan Repayment
FEC Resources Inc. (OTC Pink: FECOF) has received an extension for repayment of a loan from PXP Energy The loan, consisting of $738,206 principal and approximately $88,443 in accrued interest, was originally due on September 30, 2024. Following a request from PXP for a repayment plan, FEC successfully negotiated an extension of the due date to December 31, 2024. All other terms of the loan remain unchanged. This extension provides FEC with additional time to address its financial obligations.
FEC Resources Inc. (OTC Pink: FECOF) ha ricevuto un termine esteso per la restituzione di un prestito da PXP Energy. Il prestito, composto da 738.206 dollari di capitale e circa 88.443 dollari di interessi maturati, era inizialmente in scadenza il 30 settembre 2024. A seguito di una richiesta di PXP per un piano di rimborso, FEC ha negoziato con successo un prolungamento della data di scadenza al 31 dicembre 2024. Tutti gli altri termini del prestito restano invariati. Questa estensione offre a FEC ulteriore tempo per affrontare i propri obblighi finanziari.
FEC Resources Inc. (OTC Pink: FECOF) ha recibido una prórroga para el reembolso de un préstamo de PXP Energy. El préstamo, que consiste en 738,206 dólares de capital y aproximadamente 88,443 dólares en intereses acumulados, vencía originalmente el 30 de septiembre de 2024. Tras una solicitud de PXP para un plan de reembolso, FEC logró negociar una prórroga de la fecha de vencimiento hasta el 31 de diciembre de 2024. Todos los demás términos del préstamo se mantienen sin cambios. Esta prórroga proporciona a FEC tiempo adicional para abordar sus obligaciones financieras.
FEC 리소스 Inc. (OTC Pink: FECOF)가 PXP 에너지로부터 대출에 대한 상환 연장을 받았습니다. 이 대출은 738,206 달러의 원금과 약 88,443 달러의 누적 이자로 구성되며, 원래 2024년 9월 30일에 만료될 예정이었습니다. PXP의 상환 계획 요청에 따라, FEC는 마감일을 2024년 12월 31일로 연장하는 데 성공적으로 협상했습니다. 대출의 다른 모든 조건은 변경되지 않습니다. 이 연장은 FEC가 재정적 의무를 처리할 추가 시간을 제공합니다.
FEC Resources Inc. (OTC Pink: FECOF) a reçu une prolongation pour le remboursement d'un prêt de PXP Energy. Le prêt, composé de 738.206 dollars principaux et d'environ 88.443 dollars d'intérêts courus, devait initialement être remboursé le 30 septembre 2024. Suite à une demande de PXP pour un plan de remboursement, FEC a réussi à négocier une prolongation de la date d'échéance au 31 décembre 2024. Tous les autres termes du prêt demeurent inchangés. Cette prolongation offre à FEC un temps supplémentaire pour faire face à ses obligations financières.
FEC Resources Inc. (OTC Pink: FECOF) hat eine Fristverlängerung für die Rückzahlung eines Kredits von PXP Energy erhalten. Der Kredit, bestehend aus 738.206 Dollar Kapital und etwa 88.443 Dollar aufgelaufenen Zinsen, war ursprünglich am 30. September 2024 fällig. Nach einer Anfrage von PXP für einen Rückzahlungsplan hat FEC erfolgreich eine Fristverlängerung bis zum 31. Dezember 2024 ausgehandelt. Alle anderen Bedingungen des Kredits bleiben unverändert. Diese Verlängerung bietet FEC zusätzliche Zeit, um ihren finanziellen Verpflichtungen nachzukommen.
- Successful negotiation of loan repayment extension
- Additional three months to manage financial obligations
- No changes to other loan terms, maintaining stability
- Substantial loan of $738,206 plus $88,443 in interest due
- Need for repayment plan suggests potential cash flow issues
- Short-term extension may indicate ongoing financial challenges
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") received a request for a repayment plan from PXP Energy Corporation ("PXP") with respect to the
The Company is pleased to report that it requested and received an extension of the repayment due date from September 30, 2024 to December 31, 2024, with all other terms of the loan remaining the same.
On behalf of the Board of,
FEC Resources Inc.
Daniel Carlos
Director and Chief Executive Officer
For more information please e-mail info@FECResources.com or visit the FEC Resources website at www.fecresources.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225273
FAQ
What is the new repayment date for FEC Resources' loan from PXP Energy ?
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Have any other terms of the loan between FEC Resources (FECOF) and PXP Energy changed?
