Filo Mining Announces US$2 Million Credit Facility

January 12, 2018 / bit.ly / Article Link

Filo Mining Corp. ('Filo Mining or the 'Company') (TSXV:FIL)(OMX:FIL) ('Filo Mining', 'Filo', or the 'Company'), reports that the Company has secured a US$2,000,000 credit facility (the 'Facility') to be evidenced by a debenture (the 'Debenture') to provide additional financial flexibility to fund general corporate purposes. The Debenture is unsecured and has a term of 12 months from the issue date of the Debenture (the 'Maturity Date'). No interest is payable during the term of the Debenture, however, any amount of the Facility remaining unpaid and outstanding on or after the Maturity Date shall bear interest at a rate of 5.00%Read full news

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