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| Home : Chieftain Metals Corp. Announces the Closing of $1.6 Million Working Capital Financing |
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Dec 23
2015 |
Chieftain Metals Corp. Announces the Closing of $1.6 Million Working Capital Financing |
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TORONTO, ONTARIO--(Marketwired - Dec. 22, 2015) - Chieftain Metals Corp. (Chieftain) (TSX VENTURE:CFB) announces that its wholly-owned subsidiary, Chieftain Metals Inc. (the Company), has received C$1.6 million (New Loan) in the form of a Demand Promissory Note from West Face Long Term Opportunities Global Master L.P., with West Face Capital Inc. acting as agent (West Face Capital). The interest payment terms for this financing are governed by the terms of Chieftain's existing bridge loan facility with West Face Capital announced on July 7, 2014, and subsequently amended on March 31, 2015. The New Loan is repayable upon demand and is secured by the same assets as the existing bridge loan facility with West Face Capital. The proceeds of the New Loan will be used for working capital purposes. |
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| Source:http://www.marketwired.com/mw/release.do?id=2084234&sourceType=3 |
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