Brief: Silver Bear Resources enters into non-binding term sheet for Mangazeisky silver project debt funding package
28/04/2016 17:30
April 28 (Reuters) - Silver Bear Resources Inc SBR.TO :
* Silver bear announces entering into non-binding term sheet
for mangazeisky silver project debt funding package
* Co's russian unit will be ultimate borrower under debt
funding package which will consist of a us$42.85 million secured
loan
* A portion of secured loan facility will be used to repay
principal and accrued interest on certain outstanding promissory
notes
* Debt funding package will also have working capital
facility of us$3.5 million and a contingency facility of us$2
million
Source text for Eikon: ID:nMKWlDv0za
Further company coverage: SBR.TO
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