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American CuMo Mining Corporation: American CuMo Mining Announces Silver Purchase Financing Approved for Vienna Exchange Listing

Vancouver, British Columbia (Newsfile Corp. - May 12, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) is pleased to announce that it has received approval from the Vienna Stock ....

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American CuMo Mining Corporation: American CuMo Mining Announces Terms of Silver Purchase Financing

American CuMo Mining Corporation: American CuMo Mining Announces Terms of Silver Purchase Financing
TSXV: MLY) (
OTC Pink: MLYCF) is pleased to announce that it has finalized the terms of its proposed US$12,500,000 financing (the ICMC Silver Financing ) involving the sale of up to 12,500 units ( ICMC Silver Units ) by its majority owned subsidiary, International CuMo Mining Corporation ( ICMC ) at a price of US$1,000 per ICMC Silver Unit, with each ICMC Silver Unit consisting of a non-transferable promissory note in the principal amount of US$1,000 (a Note ) and a right (the Silver Purchase Right ) to enter into a silver purchase and sale agreement (a Silver Purchase Agreement ) with ICMC. The Notes would be secured against certain assets of ICMC; bear interest at a rate of 7.5% per annum payable or accruable semi-annually on June 30 and December 31; and have a term of 7 years. With the consent of the holder of the Note, ICMC could prepay all or any portion of the pr ....

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