04:52:16 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Oracle Mining Corp
Symbol OMN
Shares Issued 65,070,105
Close 2015-09-03 C$ 0.015
Market Cap C$ 976,052
Recent Sedar Documents

Oracle Mining defaults on $6.7M (U.S.) loan covenants

2015-09-04 21:04 ET - News Release

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.

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