- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Silver Bear Finalizes Increase of Existing Facilities and Note Extension With Its Major Shareholders
Silver Bear Resources Inc. (“Silver Bear” or the “Company”) (TSX:SBR) today announces, further to its press release of February 1, 2017, that it has now concluded formal agreements with its major shareholders, A.B. Aterra Resources Ltd. (“Aterra”) and Inflection Management Corporation Limited (“Inflection”) which increase the previously provided project facilities by a further US$15 million …
Silver Bear Resources Inc. (“Silver Bear” or the “Company”) (TSX:SBR) today announces, further to its press release of February 1, 2017, that it has now concluded formal agreements with its major shareholders, A.B. Aterra Resources Ltd. (“Aterra”) and Inflection Management Corporation Limited (“Inflection”) which increase the previously provided project facilities by a further US$15 million (the “Facilities Agreement Increase”) and extend the maturity dates of their outstanding convertible notes from March 31, 2017 to December 31, 2017 (the “Note Extension”).
As quoted in the press release:
Silver Bear’s CEO, Graham Hill commented: “I would like to thank our major shareholders for their continued support in modifying their agreements to give the Company financial flexibility to transition into production within a manageable timeframe. This ongoing commitment confirms the excellent project economics and substantial future potential.”
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.