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| Home : Cardero Announces Establishment of USD 5.0M Secured Line of Credit |
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Dec 09
2013 |
Cardero Announces Establishment of USD 5.0M Secured Line of Credit |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 9, 2013) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(OTCBB:CDYCF)(FRANKFURT:CR5) announces that it has completed the implementation of a USD 5,000,000 line of credit ("Credit Line") from entities ("Lenders") controlled by Mr. Robert C. Kopple of Los Angles, California. The Lenders had previously purchased USD 5.7 million in senior secured notes ("Notes") on August 8, 2013, the proceeds of which were used to retire the Company's indebtedness to Luxor Capital Group, LP and affiliates. |
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| Source:http://www.marketwired.com/mw/release.do?id=1860194&sourceType=3 |
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