Starcore Secures $11 Million Loan to Buy Out the Hedge
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 10, 2012) - Starcore International Mines Ltd. (TSX:SAM) ("Starcore" or the "Company") is pleased to announce that it has entered into an agreement dated May 10, 2012 with Sprott Resource Lending Corp. ("Sprott Lending") pursuant to which Sprott Lending will provide the Company with an $11 million credit facility (the "Facility"), to be applied to settle Starcore's forward sales contracts with Investec Bank plc ("Investec").
