Spur Ventures Inc SPVEF

RE:Re Bulgaria

[idlefreebird]

pipefighter, the old saying is you need money to make money... the company has made a strategic investement on our part...  5 million will be getting 8.5 % return ...that's pretty good and if this puppy goes after 5 years we get to buy in our debentures at .25 cents... now if the stock runs well we will be way in the money ...there all in cost is in Atlantics guide lines... we will generate enough cash to pay off our own debts within 1.5 years... need not worry there is other ways to grown then a stand alone mine ...you need investements and other mines to grow us like Oceana and B2 gold... by the time we get to 200,000 ounces a year Velocity will be producing 65,000 ounces...it's just the begining... gltal


The remaining investment to be made in exchange for the issuance of convertible debentures of Velocity in the principal amount of $5,094,000 (the "Debenture Financing"), which will earn interest at a rate of 8.5% per annum over a 60-month term (the "Term"), payable semi-annually in cash or common shares of Velocity at the discretion of Velocity. The principal amount of the convertible debentures will be convertible to common shares of Velocity during the Term at the election of Atlantic at a conversion price of $0.25.