Dec 3 (Reuters) - Niko Resources Ltd NKO.TO :
* Provides corporate update
* Reached agreement with institutional lenders of US$340 million senior term
loan facilities on a standstill period
* Reached an agreement on standstill period to provide the company with
"additional time to pursue its strategic plan"
* Lenders have agreed not to act until after December 17, 2015 on any rights or
remedies arising from any default on the term loan
* Believes it has sufficient liquidity to fund the cash requirements of its
operating subsidiaries in India and bangladesh
* Source text for Eikon ID:nCCN7x9T9V
* Further company coverage NKO.TO