At 12% interest that's about $102,000 monthly paymentOn a ammortized payback. I think the Newstrike 2 mil loan debenture has a 9% interest but I'll have to look it up.
Interest is payable monthly at the rate of 12% per annum, and the principal amount outstanding is payable on the maturity date. 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 on the earlier of the repayment of the loan and June 30, 2016