TSXV:CAV.H - Post by User
Comment by
mining_pays_my_billson May 26, 2014 9:09am
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Post# 22597461
RE:How much of the debt does BAJ own?
RE:How much of the debt does BAJ own?See news release May 13, 2014.
https://www.bajamining.com/content/pdfs/news/NR09_2014-05-13_Bond_Issuance_FINAL.pdf
Essentially Baja has paid off their debt to the lenders with 340 million dollar corporate bond at a very low interest rate, less than 3%. That 340 has to be paid off by 2019, once that's paid they will owe 0$ and have 0 liability in the project, but still a 10% stake.