All dollar amounts are in Canadian dollars unless stated otherwise) Trading Symbols: TSX: CRJ; OTCQB: CLGRFSenior Secured Credit Facility • September 21st, 2015 • Claude Resources Inc • Gold and silver ores
SASKATOON, Sept. 21, 2015 /CNW/ - Claude Resources Inc. ("Claude" and or the "Company") has entered into an agreement with The Bank of Nova Scotia ("Scotiabank") for a Senior Secured Credit Facility ("facilities") consisting of a Revolving Tranche ("revolver") in the amount of $10.0 million and a Term Loan Tranche ("term loan") in the amount of $15.0 million. These facilities will be used to replace the Company's $19.9 million, 10% term loan managed by Crown Capital Partners Inc. and its undrawn revolving credit facility with Canadian Western Bank.
