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 nomoneyon Apr 25, 2017 10:36am

89 Views

Post# 26162135

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

Why do you see this as great news? I think it's great that they have access to this kind of coin but the terms are definitely in favour of the lender in a big way. If you took out a business loan and they said to you you had to pay back 3x's what you borrowed plus give us a share of your profits plus a percentage interest in your business at a discount to the current value of your business would you think that was a good deal?

<< Previous

Bullboard Posts

Next >>

Calibre discovers significant gold in Newfoundland