Red Tiger Mining Inc. announced that it has restructured its senior secured loan and its subordinate secured loan such that: Gerald Metals S.A. has acquired the Senior Loan and will provide Red Tiger with an additional USD 1.5 million working capital facility; The Working Capital Facility plus the accrued interest on the Gerald Loan of approximately USD 1.7 million has been given a priority ranking over all other Red Tiger debt facilities; The USD 3.5 million principal amount of the Gerald Loan has been combined with the approximately USD 9.5 million outstanding Senior Loan balance to form a second tranche of secured debt of approximately USD 13.0 million (the "Second Tranche"); Both the Priority Tranche and the Second Tranche shall bear interest at a rate of 9.9% per annum, a reduction from the previous rates of 10.9% under the Senior Loan and 15.0% under the Gerald Loan.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.000001 USD | 0.00% |
|
0.00% | 0.00% |
1st Jan change | Capi. | |
---|---|---|
0.00% | 144 | |
-13.91% | 149B | |
-9.96% | 116B | |
+1.32% | 75.51B | |
+18.85% | 49.27B | |
-8.86% | 42.5B | |
+21.59% | 37.75B | |
+109.17% | 33.65B | |
+23.60% | 26.36B | |
+73.93% | 19.97B |
- Stock Market
- Equities
- RDTMF Stock
- News Red Tiger Mining Inc.
- Red Tiger Mining Inc. Restructures its Senior Secured Loan and its Subordinate Secured Loan