Published on 12/9/2020 in the Prospect News Private Placement Daily.
New Issue: Aurcana Silver secures $28 million term loan through Mercuria Energy
By Devika Patel
Knoxville, Tenn., Dec. 9 – Aurcana Silver Corp. settled a $28 million five-year secured term loan with a subsidiary of Mercuria Energy Group Ltd., according to a press release.
The loan bears interest at Libor plus 1,050 basis points.
The Vancouver, B.C.-based company owns the Revenue-Virginius silver mine in Ouray, Colo.
| Issuer: | Aurcana Silver Corp.
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| Issue: | Secured term loan
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| Amount: | $28 million
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| Maturity: | Five years
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| Coupon: | Libor plus 1,050 bps
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| Investor: | Mercuria Energy Group Ltd.
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| Announcement date: | Dec. 9
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| Distribution: | Private placement
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