ASX-listed Resource Generation (Resgen) says its subsidiary Ledjajda Coal has formally requested that the lenders it is negotiating with either defer a limited number of conditions precedent to a date post the financial close on September 30, or that they submit viable alternative solutions with respect to those specific conditions precedent, which could be satisfied before financial close. Resgen and Ledjadja previously extended the long stop date for its principal binding agreements for the funding of construction of the Boikarabelo coal project, in South Africa’s Limpopo province, to September 30.
