May 31 (Reuters) - Clearford Water Systems Inc CLI.V :
* Clearford announces results for the first quarter of
fiscal 2016
* Entered option with lender to acquire, renegotiate
existing long-term debt into a new us dollar denominated
long-term debt
* Entered into a us$5.25 million new long-term loan
agreement and closed $0.5 million of that loan
* Option to acquire and restructure current long-term debt
expires on september 19, 2016
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