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| Home : Cortez Gold Corp.: Debt Facility Under Negotiation |
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Dec 02
2013 |
Cortez Gold Corp.: Debt Facility Under Negotiation |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 2, 2013) - Cortez Gold Corp. (TSX VENTURE:CUT) ("Cortez" or the "Company") reports that it is negotiating a debt facility for Cdn$2 million with various European financiers (the "Loan"). The Company hopes to finalize the Loan with a 24-month term, with no payments required until after the 18th month following the effective date of disbursement of the Loan funds. After the 18th month, a payment of interest only will be due and payable (covering interest for the 18 months that the Loan will have been outstanding), and interest payments shall continue thereafter on a monthly basis until the end of the term. At the end of the term, the principal amount plus any outstanding interest will be due and payable. |
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| Source:http://www.marketwired.com/mw/release.do?id=1857978&sourceType=3 |
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