EXPM:HRTFF - Post by User
Comment by
Stumpyon Dec 07, 2021 12:45pm
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Post# 34206814
RE:RE:RE:Offers
RE:RE:RE:OffersHomestone wrote: That is the question that has yet to be answered.Will one of the other tire kickers see value? This could be a somewhat lengthy process before anything is finalized IMO Still more questions than answers.Who? When? What price ?.Any crumbs for the peons ? Not likely but there is an outside chance that there are several companies interested in taking this on.Cheers
From where I sit the deal is already done.
1000025833 Ontario Inc. (the " Investor "), a wholly-owned indirect subsidiary of Silver Lake Resources Limited to loan up to $10.8 million (the " DIP Financing Agreement ") to the Company, to fund operations and the CCAA Proceedings. The DIP Financing Agreement, if approved by the Court, will provide Harte Gold with the liquidity required to continue the operations of Sugar Zone Mine until closing of a transaction. Together, the Subscription Agreement and the DIP Financing Agreement demonstrate Silver Lake's strong support of the Sugar Zone Mine and the restructuring process. And unless the "Stalking Horse" agreement brings in a "SIGNIFICANT" OFFER. The secured creditors will sign off as they have no further interest than their debt plus interest. Done deal.