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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by straightbullon Dec 21, 2011 9:07pm
281 Views
Post# 19343868

RE: Credit line costs

RE: Credit line costs

I'm not sure if it is correct to consider the $13,125,000, $3 million and $4.5 million as part of the overall cost for the 50 million dollar credit line. The warrants has a a dilution effect which may have an associated accounting cost, but CMK would also get some cash if the warrants are excercised. In summary, the cost of the loan is considerably lower than $28,125,000.

 

 

 

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