HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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fahrenheit451

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Re: Active Exploration 2019

in response to

Re: Active Exploration 2019

cupcake

posted on Feb 19, 2019 11:12AM

RCF..."Where would we get the $15m to repay?"

Tic toc Tic toc...

"Franco-Nevada provided Noront with a $25 million loan for a period of five years at a 7% interest rate which is secured by the acquired Cliffs properties."

"For the year ended December 31, 2017 the company accrued $2.6 million in interest for the Long-Term Loan to Franco-Nevada Corporation in accordance with the loan agreement. Interest on the Franco-Nevada loan is accrued and not payable until the end of the loan term being April 15, 2020"

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