11:38 AM EST - Largo Resources Ltd : Announced that it, along with its operating subsidiary, Vanádio de Maracás S.A., have entered into a non-binding term sheet for the restructuring and conversion of their existing debt facilities with Banco Pine S.A. Among the highlights: Conversion of an existing $4,425,475 U.S. credit facility between the Company and the Lender into common shares of Largo to be issued within 60 days from the date of a definitive agreement and Renegotiation of the repayment schedule for an existing BRL $89,127,631 credit facility (including accrued interest) between Vanádio and the Lender and guaranteed by Largo and, upon fulfilment of certain payment milestones, the long-term restructuring of the BRL Facility. Largo Resources Ltd
shares T.LGO are trading unchanged at $0.37.
