Purpose Cash Management Fund Class A V.MNY

Primary Symbol: T.MNY

The fund seeks to earn a high rate of income To achieve its investment objectives the fund may invest in high-quality, short-term (one year or less) debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, bankers acceptances, high interest deposit accounts with one or more Canadian Chartered Banks and/or Canadian Credit Unions, asset-backed commercial paper and commercial paper issued by Canadian chartered banks, loan companies, trust companies and corporations and securities of money market funds. Investments made by the fund will be in the top two ratings categories of any of the designated rating organizations (as defined in NI 81-102).

TSX:MNY - Post by User

Purpose Cash Management Fund Class A > NEWS! Montan arranges $10-million (U.S.) financing package

<< Previous

Bullboard Posts

Next >>

Comment by lscfaon Apr 25, 2017 10:32am

118 Views

Post# 26162105

RE:RE:NEWS! Montan arranges $10-million (U.S.) financing package

The co. made a deal with a "loan shark".... not good news at all.....

Teatimenow wrote: Terms, if i read them correctly look horrible for MNY

"Streaming Investment Terms: For each USD $1.0 million in streaming investment, CRH is to receive 2,500 ounces of gold or gold equivalent from Montan, payable over a maximum of 50 months from closing."

This means at current Goldprice a payback of 3,125 Million US$ over a bit over two years. So they get 1mm and have to pay back 3+mm- creazy + discounted shares + a Net smelter Royalty-