RE: RE: Have not recieved confirmation of closed fFirst of all, it's a line of credit. Go back and read the MD&A or PR from that period. The MD&A and PR both indicate the facility was expected to close on or before . It has not.
https://www.klondexmines.com/s/News.asp?ReportID=409184&_Type=News&_Title=Klondex-Sets-Term-Sheet-for-10-20-Million-in-Gold-Backed-Financing-to-Fund-...
Secondly,
I'm not sure what frame of reference you have in terms of the "terms" but as agreed to they were down right terrific. As much as a low risk project we think it is, it still carries a significant risk and warrants a higher cost of capital. DGC, which has well over 20 million oz, just closed a multi million dollar convertible issue that cost them around 700 basis points. That is fantastically high given that project, yet that is what the going rate is for little to any risk.
We have a little over 2mil oz (with likely another 500k). Don't expect to see anything short of what was originally agreed to "prime+3%."
With that said, I would like to see that locked up asap. If not, I would like to have more information on where we are in securing it. I suppose that given the lack of any response to my question, no one knows.