Brief: Royalty North announces increase to private placement financing and closing of first tranche

Horizon Copper

05/05/2017 22:32

May 5 (Reuters) - Royalty North Partners Ltd  RNP.V  
    * Royalty North announces increase to private placement 
financing and closing of first tranche, closing of transaction 
with Sunsystem Technology and entering into credit agreement 
    * Increased its non-brokered private placement financing of 
units at a price of $0.17 per unit to up to $3.7 million 
    * Royalty North Partners -Entered into credit agreement with 
Canadian Imperial Bank of commerce for credit facility initially 
in amount of $5 million 
    * Royalty North Partners Ltd - Proceeds of loan will be used 
for working capital, capital expenditure and to replace existing 
debt 
 
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Further company coverage:  RNP.V  
 
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