Red Tiger Mining Inc. announced that it has restructured its senior secured loan and its subordinate secured loan such that: Gerald Metals S.A. has acquired the Senior Loan and will provide Red Tiger with an additional USD 1.5 million working capital facility; The Working Capital Facility plus the accrued interest on the Gerald Loan of approximately USD 1.7 million has been given a priority ranking over all other Red Tiger debt facilities; The USD 3.5 million principal amount of the Gerald Loan has been combined with the approximately USD 9.5 million outstanding Senior Loan balance to form a second tranche of secured debt of approximately USD 13.0 million (the "Second Tranche"); Both the Priority Tranche and the Second Tranche shall bear interest at a rate of 9.9% per annum, a reduction from the previous rates of 10.9% under the Senior Loan and 15.0% under the Gerald Loan.
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5-day change | 1st Jan Change | ||
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1st Jan change | Capi. | |
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-.--% | 144 | |
-15.33% | 14TCr | |
-10.97% | 11TCr | |
-4.45% | 6.93TCr | |
-11.33% | 4.23TCr | |
+4.49% | 4.19TCr | |
+26.97% | 3.84TCr | |
+110.35% | 3.39TCr | |
+17.05% | 2.48TCr | |
+75.59% | 2.02TCr |
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