WHITE SULPHUR SPRINGS, Mont., June 28, 2024 (GLOBE NEWSWIRE) -- Sandfire Resources AmericaInc. ("Sandfire America" or the "Company") announces that it has entered into a third variation agreement (the "Third Variation") to its bridge loan agreement, as amended (the “Bridge Loan”) with Sandfire BC Holdings (Australia) Pty Ltd. ("Sandfire BC"), the Company's largest shareholder, and Tintina Montana Inc., a wholly-owned subsidiary of the Company ("Tintina Montana").
Pursuant to the Third Variation, the amount available to be borrowed under the Third Variation, Variation and Bridge Loan will be increased from an aggregate of up to US$32.0 million to an aggregate of up to US$40.0 million through one or more advances, and the latest maturity will be extended from June 30, 2024 to June 30, 2025, subject to the terms of the Third Variation and the Bridge Loan.
All other terms and conditions of the Bridge Loan shall remain in full force and effect, except as amended by the Third Variation. No securities of the Company are issuable under the Agreement.
ContactInformation:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute "forwardlookinginformation"withinthemeaningofCanadiansecuritieslegislation,includingstatements regarding the Agreement, the Company's financing options and expected outcomes. In making these forward-lookingstatements,theCompanyhasappliedcertainfactorsandassumptionsthattheCompany believesarereasonable,includingthattheCompanywillreceiverequiredregulatoryapprovals,andthatthe Companywill beableto secureadditionalfundingtoexecuteitsplans,However,theforward-looking statementsinthisdocumentaresubjecttonumerousrisks,uncertaintiesandotherfactors,includingdelays inobtainingorinabilitytoobtainrequiredgovernmentorotherregulatoryapprovalsorfinancing.There canbeno assurance thatsuch statements will prove to be accurate, and actual results and future events could differ materially fromthose anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information,futureeventsorotherwise,exceptasrequiredbylaw.
NeithertheTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinthe policiesoftheTSXVentureExchange)acceptsresponsibilityfortheadequacyoraccuracyofthisrelease.
