RE:Dec 31 2022 to Jan 31 2023???Mustlovedogs01 wrote: In the last release both the Sprott financing and the Franco .005 net smelter were both delayed until such a date.(30 day window) What is the reason? Speculation on my part is Matt's success story of destruction brings about a buyout in Jan 2023. It could also be that the Christmas party got out of hand and their hangovers required, an additonal 30 days to complete? jmo
Looks like you have gotten too far up-yourself or your dog and are now suffering from cranio-rectal inversion that I warned you about! Good gawd man... stop your whining...all you do is belly-ache! If you're so miffed about what's going on, give Matt a call and have it out with him. Or sell your shares, if you own any and trot-off, like a good little puppy! Marathon Gold Corp. has indicated that it is in talks with Sprott Resource Corp. to potentially increase a US$185 million term loan facility completed in March to advance the Valentine gold project in Newfoundland and Labrador. While discussions are ongoing, Marathon and Sprott have agreed to adjust the effective date for certain terms and conditions of the facility from Dec. 31, 2022 to Jan. 31, 2023.
Terms covered by the date extension include the effective date for the second advance, the period under which the initial interest amount will be calculated, the date upon which the facility will bear interest, and the effective date of mutual termination rights.
Concurrently, Marathon has agreed to extend a right to repurchase 0.5% of a 2% net smelter returns royalty from Franco-Nevada Corp. (FNV.TO) for US$7 million from Dec. 31, 2022 to Jan. 31, 2023.
Speculate all you want... sounds like you're the one with the hangover!