GREY:RNSFF - Post by User
Comment by
spoiledsuzyon Jun 23, 2016 5:59pm
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Post# 24992890
RE:Reserves
RE:Reserves
Seems too early to have a reserve report, but about the credit facility I found this:
On November 19, 2015, the Company entered into a credit agreement with Sprott Resource Lending Partnership (the "Lender"), pursuant to which the Company has been provided with the Facility . In consideration for the structuring and syndication of the Facility, the Company issued an aggregate of 738,000 common shares. The Facility matures on May 31 , 2016, and bears in terest at a rate of 6.0% per annum.
During the three months ended March 31, 2016, the maturity date of the Facility was extended from February 29, 2016, to May 31, 2016, at a cost of US$100,00.
From MD&A ending March 31, 2016.