Arianne Phosphate extends C$28.94 million facilities via Mercury

By Wendy Van Sickle

Columbus, Ohio, June 30 – Arianne Phosphate extended its secured credit facilities with Mercury Financing Corp., according to a news release.

The C$28,942,259 in credit facilities will now mature on June 15, 2021. They will continue to bear interest at an annual rate of 15%, with all interest capitalized through maturity.

The development-stage phosphate mining company is based in Saguenay, Quebec.

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