By Devika Patel
Knoxville, Tenn., Sept. 11 – Falco Resources Ltd. arranged a C$10 million 7% secured senior loan due Dec. 31, 2018 with Osisko Gold Royalties Ltd., according to a press release.
The loan was issued at a 0.58% discount.
Proceeds will be used for the advancement of the Horne 5 Project and for general corporate purposes.
The gold and base metals explorer is based in Montreal.
| Issuer: | Falco Resources Ltd.
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| Issue: | Secured senior loan
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| Amount: | C$10 million
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| Maturity: | Dec. 31, 2018
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| Coupon: | 7%
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| Price: | 99.42
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| Investor: | Osisko Gold Royalties Ltd.
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| Announcement date: | Sept. 11
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| Distribution: | Private placement
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