CA - Ascot Resources refinances US$10M facility
2023-06-19 10:29:41 ET
Ascot Resources ( TSX: AOT:CA ) ( OTCQX:AOTVF ) said Monday it has entered into a definitive credit agreement with Nebari Gold Fund 1 LP.
The credit agreement consists of US$14 million subordinated convertible credit facility.
The Nebari convertible facility will refinance Ascot’s existing Beedie convertible facility.
In 2020, Ascot entered into a US$25 million subordinated convertible credit facility with Beedie Investments of which the company had drawn an initial advance of US$10 million and canceled the undrawn facility of US$15 million.
For further details see:
Ascot Resources refinances US$10M facility