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| Home : Waymar Resources Amends Promissory Note with Continental Gold |
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Mar 06
2014 |
Waymar Resources Amends Promissory Note with Continental Gold |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 5, 2014) - Waymar Resources Ltd. (TSX VENTURE:WYM) (the "Company" or "Waymar") announces that it has amended its US$500,000 principal amount loan agreement (the "Original Loan") with Continental Gold Limited ("Continental"), pursuant to an amended and restated promissory note (the "Amended and Restated Promissory Note"). The Original Loan was due to expire on March 1, 2014, and the Amended and Restated Promissory Note provides for an extension of the maturity date until September 1, 2014. In exchange for the amendment, the Company shall issue 1,200,000 share purchase warrants to Continental (the "Warrants"), each entitling Continental to acquire one common share of the Company at an exercise price of $0.125 for a period of two years, subject to the accelerated expiry provision below. |
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| Source:http://www.marketwired.com/mw/release.do?id=1885908&sourceType=3 |
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