GREY:CLLZF - Post by User
Post by
leveraged1on Jan 14, 2012 5:00pm
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Post# 19404597
Thanks NorthernWoods
Thanks NorthernWoods Thanks for the assurance that West Face needs 40% more shareholder support to marterially effect our positsion regarding CLL's debt obligations and penalties. However someone on here (or the other board) said there is a 1% penalty for early repayment of debt. If our outstanding debt is noiw $ 900,000,000 that is a $9,000,000 penalty. Well lets at least then wait until the $100,000,000 is paid off in June 2012 to close any deal. That way we can save at least "one" of those million dollars reducung it to a $8M dollar penalty.Plus give time for any favouarble financial results to sink in. Can anyone confirm this 1% prepayment penalty. Also from the North Woods... NW Ontario