Source - SMW
Xcite Energy says  holders of the $135 million senior secured bonds  have approved the amendments to the bond agreement dated 27 June 2014.    The maturity date of the bonds has been extended until the earlier of:  a)       31 October 2016  

b)       the date the Bond Trustee (acting on the instructions of the Bondholders) declares the Bonds to be immediately due and payable.

Further, the bondholders have approved a deferral of fixed rate interest which would otherwise be due on 30 September 2016 to 31 October 2016.   The proposed resolution obtained 100% of the votes, and the proposal was adopted according to the voting requirements of the bond Agreement.
 

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