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Salazar Resources Ltd (CKRC.F)

CKRC.F on Frankfurt Stock Exchange

0.08EUR
7 Dec 2016
Change (% chg)

€-0.01 (-7.95%)
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Latest Key Developments (Source: Significant Developments)

Salazar Resources Ltd sells up to $600,000 of promissory notes
Tuesday, 31 Mar 2015 11:22am EDT 

Salazar Resources Ltd:Says company has agreed to sell up to $600,000 of Promissory Notes.To date company has received $200,000 on account of this financing from arm's length parties and is working to close out balance over the coming days.Proceeds from this financing will be used to pay annual tenure costs for company's mining concessions in Ecuador and for general working capital.Key terms of Notes to be issued are that they are unsecured, bear interest at 12 pct, and mature on March 31, 2016.has also agreed to issue to Note holders advancing $600,000 a total of 761,500 non-transferable share purchase warrants.  Full Article

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