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| Home : LeadFX Announces Bridge Financing From Majority Shareholder |
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Dec 17
2015 |
LeadFX Announces Bridge Financing From Majority Shareholder |
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TORONTO, ON--(Marketwired - December 16, 2015) - LeadFX
Inc. (the "Company" or "LeadFX") (TSX: LFX) is pleased to announce that it has refinanced the secured debt owed to Sprott Resources Lending Partnership ("Sprott") through the assignment of the debt to its majority shareholder, Enirgi Group Corporation ("Enirgi Group") and amendment of certain terms. The debt refinancing will eliminate the Company's obligations to Sprott, defer monthly interest payments until the maturity date and reduce the interest rate. The debt refinancing also provides the Company with more time to conclude discussions with potential lenders, equity investors and streaming companies for a long term financing solution. |
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| Source:http://www.marketwired.com/mw/release.do?id=2082777&sourceType=3 |
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