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| Home : Chieftain Metals Corp. Announces Term Sheet for Bridge Loan Financing for up to $18.5 Million |
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Jun 05
2014 |
Chieftain Metals Corp. Announces Term Sheet for Bridge Loan Financing for up to $18.5 Million |
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TORONTO, ONTARIO--(Marketwired - June 4, 2014) - Chieftain Metals Corp. ("Chieftain") (TSX:CFB) is pleased to announce that its wholly-owned subsidiary, Chieftain Metals Inc. (the "Company"), has accepted a term sheet for a secured and syndicated loan facility (the "Bridge Loan") with West Face Capital Inc. ("West Face Capital"), as agent for West Face Long Term Opportunities Global Master L.P., a fund managed by West Face Capital. The Bridge Loan has been structured as a 24 month secured facility to be made available to the Company in two tranches with an interest rate of Libor plus 15%. Upon completion of the Bridge Loan, a copy of the agreement will be available for review on Chieftain's SEDAR profile at www.sedar.com. |
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| Source:http://www.marketwired.com/mw/release.do?id=1917516&sourceType=3 |
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