• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks

    Franconia Minerals Closes on $1 Million Credit Facility

    Investing News Network
    Dec. 09, 2010 10:33AM PST
    Base Metals Investing

    Franconia Minerals Corporation (TSE:FRA) reports that it has received a single advance loan of Cdn$1 million from a private lender for working capital and other general corporate purposes.

    Franconia Minerals Corporation (TSX:FRA) reports that it has received a single advance loan of Cdn$1 million from a private lender for working capital and other general corporate purposes. 

    The press release is quoted as saying:

    The Loan is secured, bears interest at a rate of 15% per annum, compounds and is payable monthly and is due on December 2, 2011. The Loan may be prepaid at Franconia’s election in whole or in part at any time. In addition, the lender may demand repayment upon the occurrence of certain events. As consideration for advancing the Loan, the lender was paid a set up fee and a cash commission and is entitled to a bonus payment upon prepayment or repayment of the Loan.

    Click here to access the entire news release.

    Click here to access Franconia’s company profile.

    tsx:fra
    The Conversation (0)

    Go Deeper

    AI Powered
    Lithium Investing

    Lithium-ion Bull: KISS

    Franconia Minerals Completes 2010 Drill Program

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×