The TSX Venture Exchange has accepted for filing a secured credit facility for up to $80-million (U.S.) between the company, its 80.75-per-cent-owned subsidiary, Alphamin Bisie Mining S.A., and Sprott Private Resource Lending (Collector) LP, Barak Fund SPC Ltd. and Tremont Master Holdings. The credit facility shall be available for a period of 18 months following the initial advance and shall mature Dec. 31, 2022.
Additionally, the exchange has accepted the issuance of an aggregate of up to 14,494,857 bonus shares to be issued to the lenders in connection with the credit facility.
For more information, refer to the company's news release dated Nov. 13, 2017.
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