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The initial Us$20 million of the Silver Financing might possibly be paid back within the 16 equivalent quarterly installments, on the basic fees taking place 12 months in the Issuance Go out and then quarterly after that. A final Us$5 million fee might possibly be owed and payable at the end of the sixty-month name. The new Debentures might possibly be cost inside the gold ounces at the a good 15% disregard on the location cost of gold at the closing day. The newest Debenture manager can get the authority to discovered payment inside either dollars and/or equivalent amount of understated gold. Along with the write off, the newest Debentures tend to bear desire at the 8% per annum payable quarterly within the cash.
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