03:57 PM EST - Equinox Minerals Ltd. : reported net income for the full year 2008 of $172.7 million or $0.30 per share, compared to a net loss of $29.4 million or $0.05 loss per share in the prior year. On March 26, the company reached an agreement with its debt financiers to restructure its senior debt repayment schedule. The main terms of the agreement are intended to smooth the principal debt repayments more evenly over the life of the loans without changing the tenor of the various facilities. As a result of the agreement, the 2009 calendar year principal repayments are reduced to $138.4 million, the majority of which ($104.4 million) remains due in September 2009, the company said. Equinox Minerals Ltd.
shares T.EQN are trading up $0.20 at $2.11.
