• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      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
    Industrial Metals Market
    Industrial Metals News
    Industrial Metals Stocks
    • Industrial Metals Market
    • Industrial Metals News
    • Industrial Metals Stocks
    coal investing

    Thelon Arranges $25 Million Royalty Stream Financing

    Investing News Network
    Jul. 28, 2011 09:51AM PST
    Industrial Metals

    Thelon Capital Ltd. (CVE:THC) reports that it has arranged a $25 million Royalty Stream Debt Facility with Waterton Global Value L.P., Toronto.

    Thelon Capital Ltd. (TSXV:THC) reports that it has arranged a $25 million Royalty Stream Debt Facility with Waterton Global Value L.P., Toronto.

    The press release is quoted as saying:

    Thelon would also like to announce it has amended the terms of the purchase agreements with Clear Fork Mining as well as with the Target. Thelon has received all the necessary extensions to complete the acquisitions.

    Target Acquisition Highlights:

    • The group is based in Tennessee and has mining sites in Tennessee and Kentucky
    • Highly respected group in coal mining and reclamation
    • Produces and sells currently to a local utility and broader industry in general
    • Producing approximately 50,000 tons/m from three permitted strip and auger mines with four additional mines planned
    • Resources include over 25.6 million tons of recoverable coal, including 4.5 million tons of Blue Gem Seam specialty coal leases which include 12.32 million ton 43-101 compliant Resource (the balance of 9.68 million tons is non NI 43-101 compliant)
    • Eight years permitted life of mine
    • Over 100 local employees
    • Includes an estimated US$24 million of operating mining equipment, wash plant and load out facility
    • No debt and cash flow positive for last three fiscal years
    • Current management and staff will stay in place, providing continuity to operations and bringing over 30 years experience in Appalachian coal production and sales

    The Financing is subject only to the completion of a $20 million equity raise, and certain other standard debt financing conditions.

    Thelon’s President and CEO,  Jason Walsh says:

     “We are very excited to have the opportunity to work with Waterton on this project and to have them as financial partners.”

    Click here to access the entire news release. 

    Click here to access Thelon’s company profile.(TSXV:THC)

    coal investingtsxv:thc
    The Conversation (0)

    Go Deeper

    AI Powered
    Lithium Investing

    Lithium-ion Bull: KISS

    New to the the Investing News Network

    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 Industrial Metals Stocks

    More featured stocks

    Browse Companies

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