OTCQX:BGMZF - Post by User
Comment by
dkolish01on Oct 11, 2013 6:16am
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Post# 21809410
RE:RE:RE:RE:Easy Buy
RE:RE:RE:RE:Easy BuyInitial the FC loan was at 20% but very shortly 10%. Cheaper than Sprott. Under the terms of the secured loan agreement, the Lender has now agreed to advance , from time to time as it may determine and by way of a loan or loans (collectively, the “Loan”) to the Company, the a ggregate principal sum of up to $2,441,820 (the “Principal Sum”), and which Principal Sum shall bear interest commencing on the date of any such Loan at the simple interest rate of 20% per annum with all such interest to be payable in full to the Lender on repayment of the Principal Sum which shall be at or before 5:00 p.m. (Vancouver time) on the date which is six months from the date of any such Loan . The interest rate shall be reduced to 10% after one year should any Loan remain outstanding for a period of one year from the date of advancement.