Bonterra Resources Repays C$5-Million Credit Facility

Bonterra Resources (BTR.V) repaid a non-revolving credit facility of C$5 million to Wexford Capital, it said in a statement on Wednesday.

The credit facility bore an annual interest rate equal to 8.00% plus the secured overnight financing rate term rate applicable to the six-month period starting on the closing date and ending on the maturity date of Sept. 23. The company paid a total of C$5.4 million, which includes the principal amount of the credit facility, accrued interest, and the payment of the commitment fee.

Proceeds were used for indemnifying or reimbursing its shareholders who participated in the flow-through private placements completed on Dec. 13, 2019, and Oct. 21, 2021. Bonterra also used proceeds to fund eligible exploration and development expenses on the Desmaraisville property.

Shares of the company were last seen up C$0.005 to C$0.13 on the TSX Venture Exchange.

Price: $0.13, Change: $+0.01, Percent Change: +4.00%

Dutch Telco KPN Issues EUR500 Million Hybrid Bond

Koninklijke KPN (KPN.AS) said Tuesday it issued 500 million euros of 4.625% subordinated hybrid bond, with a term of 5.25 years.The bond is first callable on Sept. 9, 2031, with a first reset date scheduled for Dec. 9, 2031.The Dutch telecommunications company earmarked proceeds from the issuance for general corporate expenditures and debt refinancing. It issued the bond amid an ongoing offer to fully redeem 500 million euros of perpetual hybrid capital securities with a first reset date of Dec. 21, 2027.

$KPN.AS

Aton Resources Agrees to $30 Million Loan From Its Majority Shareholder

Aton Resources (AAN.V) after trade Tuesday said it has entered into an agreement with shareholder OU Moonrider to borrow up to $30 million.The facility can be drawn in one or more advances and matures on Sept. 1, 2028, with an interest rate of 12% per year. Any unpaid amounts after maturity will carry 20% annual interest. The loan is unsecured and cannot be converted into equity securities of Aton. No bonus shares or warrants will be issued as part of the facility, the company added.Moonrider is Aton's controlling shareholder, owning about 66.4% of the company, according to the statement."The Aton board concluded that the facility is on reasonable commercial terms that are not less advantageous to the company than if the facility were obtained from a person dealing at arm's length with the company," the company said.The company added that it plans to use the funds for further exploration and development at its Hamama project, as well as general and administrative expenses.

$AAN.V

Bonterra Resources Repays C$5-Million Credit Facility

Related Articles

Dutch Telco KPN Issues EUR500 Million Hybrid Bond

Aton Resources Agrees to $30 Million Loan From Its Majority Shareholder

US Treasury Closing Levels