09:13:58 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Till Capital Ltd
Symbol TIL
Shares Issued 3,569,184
Close 2015-08-27 C$ 4.52
Market Cap C$ 16,132,712
Recent Sedar Documents

Till Capital lends $100,000 (U.S.) to Silver Predator

2015-08-28 14:06 ET - News Release

Also News Release (C-SPD) Silver Predator Corp

Mr. John Rickard reports

TILL CAPITAL ANNOUNCES LOAN TO SILVER PREDATOR AND NOVATION OF REINSURANCE CONTRACTS

Till Capital Ltd., the majority shareholder of Silver Predator Corp., has signed a promissory note issued by Silver Predator to Till, in conjunction with which Till will advance $100,000 (U.S.) of the note principal to Silver Predator on Aug. 28, 2015. The principal on the note is $275,000 (U.S.), which amount represents the maximum that Silver Predator may borrow, but is not obligated to do so. The annual interest rate on any balance on the note is 12 per cent.

Till also announces that it has novated two reinsurance contracts held by its wholly owned subsidiary Resource Re Ltd. to Multi-Strat Re, a Bermuda-based reinsurance company. The total dollar value of the novated agreements is $5.3-million. The novation releases Resource Re from its liabilities under these reinsurance contracts.

We seek Safe Harbor.

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