Timmins Gold Corp T.TMM

$13 million debt due December 31st Mine is collateral

[marpip3]

During December 2014, the Company renegotiated with the Lender to extend the term of the current loan facility of C$13,000 ($11,206) another 12 months to a maturity date of December 31, 2015. The loan facility will continue to have an interest rate of 9% per annum.

Under the terms of the loan facility, the Company has pledged all of its assets (including the assets of its subsidiaries) in favour of the Lender as security over the loan facility.

[marpip3]

And that amount is in thousands of dollars or $13 million. Company is curently losing about a million a month During December 2014, the Company renegotiated with the Lender to extend the term of the current loan facility of C$13,000 (thousands of dollars) ($11,206) another 12 months to a maturity date of December 31, 2015.

[ronnywing]

They could use the remaining cash to pay off the debt then take out another financing. they tried before to take out a financing because they knew they would be short on cash. They can try again at this level "During December 2014, the Company renegotiated with the Lender to extend the term of the current loan facility of C$13,000 ($11,206) another 12 months to a maturity date of December 31