July 17 (Reuters) - Sherritt International Corp S.TO :
* SHERRITT ANNOUNCES AMENDMENT TO ITS TRANSACTION TO IMPROVE ITS CAPITAL STRUCTURE RELATING TO ITS AMBATOVY JOINT VENTURE PARTNER LOANS
* SHERRITT INTERNATIONAL CORP - AMENDED TERMS ARE LIMITED TO MATTERS RELATING TO CORPORATION'S AMBATOVY JOINT VENTURE PARTNERS
* SHERRITT INTERNATIONAL - BELIEVES TRANSACTION, AMENDED CFA TERMS ARE IN BEST INTERESTS OF CORP, STAKEHOLDERS CONSIDERING ALL CURRENT CIRCUMSTANCES
* SHERRITT INTERNATIONAL - AMENDED TERMS PROVIDE ALL OF CO'S OBLIGATIONS UNDER ITS AMBATOVY JV PARTNER LOANS OUTSTANDING
* SHERRITT INTERNATIONAL - CO, BOARD ENCOURAGE ALL NOTEHOLDERS AND CFA LENDERS TO VOTE IN FAVOUR OF PLAN OF ARRANGEMENT TO IMPLEMENT TRANSACTION