RE:RE:credit facilityThat reminds me of another incident involving National Bank putting the screws to the company and then the tables turned and it was not a pretty sight.
I had shares in SilverCrest (t.SIL) did very well on them and sold in the early part of this year. Sorta wish I kept the shares, but that is another issue. National Bank planned a $75M bought deal at about the time when everything fell off the cliff in March. A few days later, they told the company that they would not do the bought deal by invoking the "disaster out" clause because of Covid-19. Blah, blah, blah. . . legal back and forth ensues.
SilverCrest a couple weeks later, SilverCrest flipped National Bank the bird by closing a fully subscribed, non-brokered private placement for $101M . National Bank has not been involved in any of their deals since.
divime1 wrote: It's sounds like the National Bank has been putting the screws to them . It always feels good to tell a bank to piss off .