RE:cnc pulls off another swiff move 10 million loanYahoo!
More shares printed LOL Wow 1 percent interest a month. They got a deal with a loan shark LOL Prepare for selling pressure in four months.
Loan Facility The Company has arranged a US$10 million loan facility with Auramet which is expected to close on or before October 14, 2022.
The loan will be due January 14, 2023, will carry an interest rate of 1.00% per month, and be subject to a 2% arrangement fee. At closing, Auramet will also receive 325,000 1-year warrants with a strike price of $1.52 per share. The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws. The closing of the loan facility is subject to customary conditions including the approval of the TSX Venture Exchange.
idlefreebird wrote: payback in 2023 when shares are higher after feasibility...good move Mark...glta
https://canadanickel.com/wp-content/uploads/2022/09/Canada-Nickel-Provides-Project-Update-Financing_VF1.pdf