Company arranges loan at Prime plus 200 bps; investor also gets shares
By Devika Patel
Knoxville, Tenn., Dec. 1 – Amarc Resources Ltd. said it negotiated a C$1 million loan on Nov. 26.
The loan carries a coupon of Prime plus 200 basis points. The investor also will receive 2.5 million bonus common shares.
Proceeds will be used for general working capital.
Amarc is a Vancouver, B.C.-based gold and copper exploration company.
| Issuer: | Amarc Resources Ltd.
|
| Issue: | Loan facility, 2.5 million bonus common shares
|
| Amount: | C$1 million
|
| Coupon: | Prime plus 200 bps
|
| Warrants: | No
|
| Settlement date: | Nov. 26
|
| Stock symbol: | TSX Venture: AHR
|
| Stock price: | C$0.09 at close Nov. 25
|
| Market capitalization: | C$12.49 million
|
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