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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Comment by zzthnxon Jan 26, 2016 9:41pm
126 Views
Post# 24496611

RE:RE:Timmins Gold Announces Re-Financing of Credit Facility With

RE:RE:Timmins Gold Announces Re-Financing of Credit Facility With Berzy, I don't think it's 9.6% for the bonus, but closer to 4%. It sounds to me like the bonus amount of 400k+ will be shared by the two lenders: "In consideration of the re-financing, the Company will pay a bonus to the Lenders under the credit facility, in the amount of US$408,901.47...The bonus is payable at the option of each Lender, in relation to its proportion of the credit facility."
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