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Ascot secures US$105M finance package for Premier construction


Ascot secures US$105M finance package for Premier construction
December 10, 2020
Topics
Developer
Ascot Resources has closed a US$105-million project financing package with Sprott Private Resource Lending and Beedie Investments for development of its past-producing Premier gold project in B.C. and to repay existing outstanding convertible notes.
The financing includes a US$80-million senior credit facility, provided by Sprott, and a US$25-million subordinated convertible facility, provided by both Beedie and Sprott.
The senior, five-year facility includes a US$20-million tranche advanced at closing, with additional tranches available to the company once certain conditions are met. Interest rates are the greater of either the three-month LIBOR rate and 1.5% plus 7% and 5.75% annually. ....

Derek White , Developer Ascot Resources , Sprott Private Resource Lending , Beedie Investments , Beedie Capital , Senior Facility , Convertible Facility , Red Mountain , டெரெக் வெள்ளை , டெவலப்பர் அஸ்காட் வளங்கள் , ஸ்ப்ராட் ப்ரைவேட் வள கடன் , பீடை முதலீடுகள் , பீடை மூலதனம் , மூத்தவர் வசதி , மாற்றத்தக்கது வசதி , சிவப்பு மலை ,