ОРЕАНДА-НОВОСТИ. DuSolo Fertilizers Inc. (TSX VENTURE: DSF) ("DuSolo" or "the Company") is pleased to announce that it has finalized the terms of an extension of its convertible loan agreement with Tembo Capital Mining Fund LP ("Tembo") announced on October 1, 2015 (the "Loan Agreement"). Pursuant to the Loan Agreement, Tembo advanced $750,000 (the "Loan") to the Company, which was originally due on September 30, 2016, and had an interest rate of 10%, and an establishment fee of 5%. The maturity date of the Loan has been extended to December 7, 2017. The interest rate of 10% is maintained in respect of the extended loan, and a further 5% establishment fee is payable in respect of the 12-month extension. Accrued interest and the original establishment fee have been capitalised and added to the principal amount of the Loan, bringing it to $876,267.

Tembo may, at any time, convert the Loan and all interest and fees accruing thereunder into Units at a price of $0.05 per Unit (the "Conversion Price"). Each Unit shall consist of one common share of the Company (a "Common Share") and one-half of a Common Share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to acquire one common share at an exercise price of C$0.065 for a period of 36 months from the date of issuance to the Lender. Formerly, the conversion price was $0.10 per share and $0.15 per whole warrant, but under the terms of the extended loan, this has been reduced to $0.05 per common share and $0.065 per whole warrant. Tembo, which holds approximately 37% of the Company's issued and outstanding shares, has also been granted certain information and anti-dilution rights in connection with the extension of the Loan.

In addition, as the revised Loan Agreement is subject to approval by the TSX-V, Tembo has granted the Company an extension of the maturity date of the original Loan until the earlier of (i) TSX-V approval of the Loan Agreement and (ii) December 14, 2016.