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VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 26, 2015) - Zincore Metals Inc. (NEX:ZNC.H) ("Zincore", the "Company") reports that its Peruvian subsidiary, Exploraciones Collasuyo S.A.C., has arranged an arms-length, unsecured loan with Grupo Inversionista Las Olas S.A. for US$200,000 (the "Loan"). The Loan, which matures in 24 months, has an interest rate of 12%, which will be compounded annually. The Loan principal and applicable accrued interest are to be repaid at maturity, with any early repayment at the option of the Company. Proceeds from the Loan are to be used for payment of: property maintenance claims, some outstanding payables and general working capital purposes. |
