BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s): HNUZF

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.

TSX:HNU - Post by User

BetaPro Natural Gas Leveraged Daily Bull ETF

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Post by NycePriceon Jan 29, 2015 11:03am

1279 Views

Post# 23377015

Oversold and Huge Upside

MWE Just Raised $19 Million Dollars @ $0.12 Last Month. 300% Higher than Current SP...What a January Wefefect selloff. $127 Million Dollar Mine now fully Paid/ Commissioned and ready for Full Commercial Production within Weeks. Load Up. Their Are Amaing Junior Deals still around in this Market

Mawson closes $19.3-million (U.S.) in financings

2014-12-19 09:52 ET - News Release

Mr. Bruce McFadzean reports

MAWSON WEST CLOSES FINANCING AND DEBT RESTRUCTURING PACKAGE

Mawson West Ltd. has completed portions of its previously announced transaction with Galena Private Equity Resources Fund LP, whereby Galena has provided the company with an immediate $19.3-million (U.S.) in financing. Galena has also agreed, subject to certain conditions, to backstop future additional financing efforts by Mawson West by subscribing for additional shares of Mawson West for a minimum of $8.64-million and up to $21.6-million. The total gross proceeds raised following completion of the additional financing will be approximately $33.4-million (U.S.). In addition, Galena's affiliate entity Trafigura Pte. Ltd., the company's current offtaker and senior lender, has provided additional financial assistance to the company through amendments to its prepayment facility with Trafigura, and an extension to the term of its offtake agreement with Trafigura.

Highlights:

$5-million private placement by Mawson West of 41.67 million shares at a price of 12 cents per share to Galena Private Equity Resources Fund LP;
$10-million (U.S.) secured loan facility from Galena to Mawson West, repayable in September, 2017, with interest of 12 per cent per annum, with 75.76 million warrants exercisable at 15 cents issued to Galena;
$5-million (U.S.) unsecured bridge loan from Galena to Mawson West, repayable on or before Feb. 28, 2015, with interest of 12 per cent per annum, with 7.58 million warrants exercisable at 15 cents issued to Galena;
Galena to backstop Mawson West by agreeing to purchase additional shares for a minimum of $8.64-million and up to $21.6-million at a price of 12 cents per share under contemplated future financing efforts by Mawson West;
Maturity date of the Trafigura prepayment facility extended by nine months to June, 2017, $19-million (U.S.) in repayments deferred, and flexibility of proceeds account structure increased to assist with cash flow.