May 8 (Reuters) - Treasury Metals Inc TML.TO
* Treasury metals provides project update and announces loan extension
* Entered into a binding term sheet in connection with co's existing us$4.4 million term loan which is comprised of 2 tranches with lenders
* Loan extension will amend maturity date of term loan, extending it to April 2, 2019, from September 20, 2017
* Loan extension will be superseded with a definitive agreement to be entered into by company and lender on or around May 19, 2017
* Pursuant to terms of loan extension, applicable interest rate in respect of tranche 2 has been reduced to LIBOR plus 6.5% from 8.5% Source text for Eikon: ID:nCNWN1lKNa Further company coverage: TML.TO