Feb 17 (Reuters) - KGIC Inc LRN.V :
* Announces new interim credit facility and amended forbearance agreement
* Says elected to not proceed with its previously announced preferred share
offering
* Says of the company board of directors has initiated a review of strategic
alternatives
* Says will instead explore the possibility of a debt offering as part of the
strategic review process
* Says has entered into an amended and restated credit agreement with bmo
* Subject to the terms of amended credit agreement, co shall only be entitled
to obtain advances under the facility until April 22, 2016
* Says will continue to operate in the ordinary course during the review
process
* Under amended agreement, bmo has agreed to provide co with discretionary,
non-revolving demand credit facility in the amount of up to $3 million
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