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    North American Tungsten Announces Extension of Loan Facilities

    Investing News Network
    Jun. 17, 2013 11:36AM PST
    Company News

    North American Tungsten Corporation Ltd. (TSXV:NTC) announced the extension of its CAD$12,000,000 working capital loan facility with HSBC Bank Canada until December 31, 2013.

    North American Tungsten Corporation Ltd. (TSXV:NTC) announced the extension of its CAD$12,000,000 working capital loan facility with HSBC Bank Canada until December 31, 2013.

    As quoted in the press release:

    A US$12,000,000 Letter of Credit (“L/C”) backing the Loan is sponsored by two directors of the Company (the “Sponsors”) and has been extended for the same period. The Sponsors and the Bank have similarly extended a “Put” Agreement that allows the Bank to exchange the outstanding balance under the Loan with the Sponsors for up to the US$12,000,000 L/C.

    Click here to read the North American Tungsten Corporation Ltd. (TSXV:NTC) press release

    See this press release on Marketwire
    Click here to see the North American Tungsten Corporation Ltd. (TSXV:NTC) profile.

    tsxv:ntccanadanorth american tungstennorth american tungsten corporation ltd
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