This well help MUX retain its full US listing, currently under review. Not.
As part of the refinancing, Sprott Private Resource Lending II (Collector), LP has replaced Royal Capital Management Corp
And of course the pound of flesh:
As part of the amendments, the maturity date
of the Term Loan has been extended by two years to August 31, 2023. In
consideration for the extension of the Term Loan and other amendments,
the Lenders were paid one-time bonus interest of 3.75% of the principal
amount of the Term Loan in the form of restricted shares of the
Company. A total of 2,091,700 common shares were issued to the Lenders
pro rata in connection with the refinancing.
And a word of warning to Rob McEwen: Rob, you do need to know that if every ducat in six thousand ducats were in six parts and every part a ducat, he wouldn’t draw them. He’d have his bond. Full NR here.