Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Altoona > News item |
Maverix Metals draws on credit facility to acquire mine royalty
By Marisa Wong
Los Angeles, Aug. 16 – Maverix Metals Inc. has drawn on its existing credit facility to fund an acquisition, according to a news release.
Maverix announced it acquired an additional net smelter return royalty on the Hope Bay mine in Nunavut, Canada, owned and operated by TMAC Resources Inc.
In April, the company announced it increased its revolver with Canadian Imperial Bank of Commerce and National Bank of Canada to $75 million.
Maverix is a gold royalty and streaming company based in Vancouver, B.C.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.