MANILA, Philippines--TVI Resource Development (Philippines), operating in the southern province of Zamboanga del Norte, got a reprieve on payment of a $20-million bridging loan as its copper and zinc production project in Canatuan town finally kicked off this week. Energem Resources Inc announces that on 22 October 2008 it advanced a short term bridging loan of US$3.6 million to Westhouse International Tobacco Holdings Limited. The Bridge is repayable on demand and accrues interest at US$ LIBOR plus 3%. The parties intend to renegotiate the terms of the Bridge in due course to put in place a convertible loan with a six month term secured over certain of ... INDONESIA'S government-owned yard PT PAL will receive a $60M bridging loan from the government to keep it afloat. A high-ranking transport official told Fairplay that the loan was being advanced “because they are a special state-owned, strategic company. They will get financial assistance.” ...
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