Mr. Carlos Escribano reports
ORACLE MINING DEFAULTS ON CERTAIN LOAN AGREEMENT COVENANTS
Oracle Mining Corp. is in default of certain milestone covenants pursuant to a secured convertible loan facility for an aggregate principal amount of $6.7-million (U.S.) with Vincere Resource Holdings LLC. Oracle Mining did not complete certain technical studies in the time allotted in the loan agreement.
The corporation has requested a waiver of this default from Vincere and will provide an update as to the status of the loan and the waiver when additional information is available.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.