Exploration company Beowulf Mining states that Bacchus Capital will not extend the 30 September deadline for the planned strategic investment after Sweden's ISP initiated a review. The investment forms part of total financing of GBP 4.3 million.Bacchus remains willing to discuss the investment if FDI approval is obtained, but there is no guarantee that the financing can then be completed.Alumni Capital has extended the deadline for its agreement to 31 December in exchange for a fee of GBP 30,000, which will be added to the loan.Beowulf is also working on bridge financing of approximately GBP 110,000, equivalent to SEK 1.4 million, which is expected to be sufficient until the end of the year. The financing is expected to be provided through a convertible loan with a conversion price of 3 pence and warrants with an exercise price of 4.5 pence. The company has also reduced costs and deferred salaries.