CROPS Inc. V.COPS

Agriculture Agricultural Inputs

"CROPS Inc. is engaged in developing the Bayovar 12 sedimentary phosphate concession in Sechura, Northern Peru. The Bayovar can be used as direct application fertilizer in phosphorus deficient soil profiles and potentially for edible oil crops. The company's main project is Bayovar 12 phosphate project in the Sechura district of northern Peru."

TSXV:COPS - Post by User

CROPS Inc.

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Post by R_J_on Jul 11, 2018 12:00am

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Post# 28297624

CROPS provides update on private placement

CROPS provides update on private placement
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https://www.focusventuresltd.com/i/pdf/2018-07-10_NR_COPS.pdf
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"The proceeds of the financing will be used to repay the currently outstanding loan held by Sprott
Resource Lending Partnership in the principal amount of US$3,000,000 which currently bears interest at 12% compounded monthly, and for general working capital purposes."
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Someone is actually going to refinance this for 8% interest rather than the current 12% interest.
Seems like an improvement.
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RJ

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