RE: the bond "In consideration for the Company being permitted to draw down on the commitment of the Lenders to take up the Bonds, the Company issued 1.25 million common share purchase warrants (the "Second Draw Warrants") to such Lenders. The Second Draw Warrants are exercisable at a price of C$2.49 and will expire on April 30, 2015.
Ken Bates, the President and CEO of the Company, commented "This Bond issuance will assist Cline in meeting its ongoing targeted production rates and important expansions at the New Elk mine in addition to providing funds for capital improvements."
beaver, borrowing money is nothing new. It happens everyday. Institutions only lend after assessing all risk factors. As I have written on other boards, we are flirting with a mini recession. One clowns tells me I am flipping pennies. He is right.Add 1 penny to 50,000 shares and you will get the idea why there are day traders.
So many on this board need to go back to kindergarten, that I wander if they ever sat on a school bench.
By the way, I have time on my hands today, as I am looking for bargains and there are plenty to be had. Now make your day and give me a 1 rating. It does not affect my pocket book.