RE: Plain & Simple: Tamerlane Closes the US$10.0 Million Senior Secured Bridge Loan and Stand-by Facility to Advance its Pine Point Project
https://www.tamerlaneventures.com/index.php/news-2010/148-tamerlane-closes-the-us100-million-senior-secured-bridge-loan-and-stand-by-facility-to-advance-its-pine-point-project
"The upfront fee payable by the Company on closing of the bridge loan includes the issuance of 500,000 shares to the lender. An additional 500,000 shares will be payable to the lender if the Company fully draws down the stand-by facility.
The Company will also pay a finder's fee equal to 2% of the amounts drawn down on either facility. This fee will be a non-cash fee and will be satisfied by the issuance of 335,800 shares of Tamerlane on closing of the bridge loan and up to 335,800 shares on drawn down of the stand-by facility (assuming full draw down).
All of the securities issued in connection with this transaction will be subject to restrictions on resale for four months from the date of issuance."