|
| Home : Declan Closes $600,000 Debt Financing |
|
Jul 11
2013 |
Declan Closes $600,000 Debt Financing |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 11, 2013) - Declan Resources Inc. ("Declan" or the "Company") (TSX VENTURE:LAN) announces that it has closed a debt financing of CDN$600,000 (the "Loan") which will be expended on Declan's Nimini Hills (Sierra Leone) project and for general working capital purposes. Two insiders of the Company are participating in the Loan financing. The Loan is for a one year term and bears interest at 12% per annum. Declan is issuing an aggregate of 2,400,000 bonus shares to the lenders at a price of $0.05 as consideration for the Loan in accordance with TSX-V policy 5.1. The shares will be subject to a hold period expiring four months and one day after the date of issuance. The Loan has received approval from the TSX Venture Exchange. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1810216&sourceType=3 |
| |
|
Related News
|
» Colorado Announces Closing of $4M Flow-Through Financing
» Anderson Energy Ltd. Confirms Extension of Credit Facility
|
|
|
