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Press Release - MINING.COM

Press Release - MINING.COM
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

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Press Release - MINING.COM

Press Release - MINING.COM
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

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Wealth Minerals Ltd.: Wealth Arranges Loan Extensions

Wealth Minerals Ltd.: Wealth Arranges Loan Extensions
Vancouver, British Columbia (Newsfile Corp. - April 15, 2021) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN)(the Company or Wealth ) reports that, subject to TSX Venture Exchange ( TSXV ) acceptance, and pursuant to news releases dated February 11, 2019, March 6, 2019, March 29, 2019 and July 15, 2019, the Company has agreed to amend the terms of certain loan agreements (the Loan Amendments ) entered into with one of its lenders, KF Business Ventures LP (the Lender ), in February and March 2019 in the aggregate principal amount of $1,300,000 (the Prior Loans ). Pursuant to the Loan Amendments, the term of the Prior Loans will be extended by 12 months and will bear interest at a rate of 8% per annum compounded annually, payable on the maturity date. In connection with the Loan Amendments, the Company has agreed, subject to TSXV acceptance for filing, to issue in aggregate 5,306,112 non-trans ....

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