Fire River Gold Amends Waterton Debt Facility
29 Giugno 2012 - 10:30PM
PR Newswire (Canada)
VANCOUVER, June 29, 2012 /CNW/ - Fire River Gold Corp. (OTCQX:
FVGCF) (the "Company") today announced it has entered into an
amendment agreement dated June 22, 2012 (the "Amendment Agreement")
with Waterton Global Value, L.P. ("Waterton") pursuant to which it
has amended the terms of the Senior Secured Gold Stream Credit
Agreement dated March 30, 2012 (the "Credit Facility") between the
Company and Waterton. Under the terms of the Amendment
Agreement, Waterton has agreed to increase the Credit Facility by
making available to the Company, $1,500,000 (the "Additional
Facility") as a single advance and non-revolving loan. The
principal amount of the Additional Facility is to be repaid by the
Company on the earlier of (i) the date on which the Company closes
its next equity offering of its common shares, and (ii) August 1,
2012. As part of the Additional Facility, the Company
paid Waterton a two percent (2%) cash structuring fee and will
issue 2,250,000 share purchase warrants ("Warrants") to Waterton,
at an exercise price of $0.10 per Warrant and the Warrants will
expire three years from the date of issue. The Warrants are subject
to a four month hold period in accordance with applicable Canadian
securities laws. All other terms of the Credit Facility as
disclosed in press releases dated April 4, 2012 and April 23, 2012
remain in effect. The foregoing is subject to TSX Venture Exchange
approval. On behalf of the board of directors. "R. David Russell"
R. David Russell, Interim President and CEO Certain information
regarding the Company including management's assessment of future
plans and operations, may constitute forward-looking statements
under applicable securities laws and necessarily involve risks
associated with mining exploration and development, volatility of
prices, currency fluctuations, imprecision of resource estimates,
environmental and permitting risks, access to labour and services,
competition from other companies and ability to access sufficient
capital. As a consequence, actual results may differ materially
from those anticipated in the forward-looking statements. A
feasibility study has not been completed and there is no certainty
the disclosed targets will be reached nor that the proposed
operations will be economically viable. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. We
seek safe harbour. Fire River Gold Corp. CONTACT: Tel: 604 261
0580Email: info@firerivergold.com or visit
www.firerivergold.comSuite 340-1200 West 73rd Ave, Vancouver, B.C.,
Canada V6P 6G5
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