Peninsula restructures debt

Uranium developer Peninsula Energy has negotiated the restructure of its existing $17-million convertible note facilities. The ASX-listed company on Tuesday told shareholders that it had reached an agreement with Resource Capital Fund, Pala Investments and entities associated with Collins Street Value Funds on the terms of the proposed restructure, including a planned significant reduction to the principal outstanding and an extension of the repayment date of the balance owing to April 2021.