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| Home : Greenock Resources: Funding for PTM Minerals' Kakanda Copper Project |
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Sep 22
2011 |
Greenock Resources: Funding for PTM Minerals' Kakanda Copper Project |
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TORONTO, ONTARIO--(Marketwire - Sept. 21, 2011) - Greenock Resources Inc. (TSX VENTURE:GKR) ("Greenock") announces that its wholly owned subsidiary PTM MINERALS (CAYMAN) LTD. ("PTM") has received a loan in the principal amount of US$ 250,000 to enable PTM to continue its development of the Kakanda copper / cobalt project in the Democratic Republic of Congo ("DRC").. The funding is provided by way of a Promissory Note effective September 20, 2011 from an arm's length party at an interest rate of 15.00% per annum and repayable 120 days from the effective date of the Note. Greenock is providing a guarantee to support PTM's obligation to repay the Promissory Note. |
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| Source:http://www.marketwire.com/mw/release.do?id=1564017&sourceType=3 |
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