Minera IRL announces First Amendment of the Memorandum of Understanding with Corporación Financiera de Desarrollo S.A.

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

LIMA, Peru, June 30, 2020 — Minera IRL Limited (“Minera IRL” or the “Company“), (BVL: MIRL) (CSE: MIRL), announces that it signed, on June 30th, 2020, the first amendment to the Memorandum of Understanding with Corporación Financiera de Desarrollo SA, (“Cofide”). In this way, both parties agreed to ratify the validity and effectiveness of the conversations held, during the period of National Emergency established by the Peruvian State, regarding the proposals and / or alternatives proposed by both and agreed to extend the validity of the Memorandum of Understanding for an additional 90 calendar days term counted from the signing of said Amendment, considering any additional delays corresponding to the National Emergency caused by COVID-19.

Said period will be used to reach a transaction between both parties with respect to the obligations indicated in the Arbitration Award and the Bridge Loan Agreement.


Minera IRL Limited 
Gerardo Pérez 
President+51 1 418 – 1230
Diego Benavides+51 1 418 – 1230 
CEO and Director 

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.