Business
American CuMo Mining announces revised note and silver purchase financing, Non-brokered private placement and CuMo project update
American CuMo Mining announces revised note and silver purchase financing, Non-brokered private placement and CuMo project update.
About this update from Multi-metal Dev Ltd.
[{"type":"text","content":"\n\n\n\nAmerican CuMo Mining announces revised note and silver purchase financing, Non-brokered private placement and CuMo project update\n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n\n\nAmerican CuMo Mining announces revised note and silver purchase financing, Non-brokered private placement and CuMo project update\nCanada NewsWire\nVANCOUVER, Aug. 20, 2014\n\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nVANCOUVER, Aug. 20, 2014 /CNW/ - American CuMo Mining Corporation\n (\"CuMoCo\" or the \"Company\") (TSXV: MLY; OTCQX: MLYCF) is pleased to announce revised terms for its proposed US$25,000,000\n financing (the \"Idaho CuMo Financing\") involving the sale of up to\n 100 units (\"Idaho CuMo Units\") of its subsidiary, Idaho CuMo Mining\n Corporation (\"Idaho CuMo\") at a price of US$250,000 per Idaho CuMo\n Unit, with each Idaho CuMo Unit consisting of a non-transferable\n promissory note in the principal amount of US$250,000 (a \"Note\") and a\n right (the \"Silver Purchase Right\") to enter into a silver purchase and\n sale agreement (a \"Silver Purchase Agreement\") with Idaho CuMo (see\n News Release dated December 18, 2013). The Notes would now be secured\n against the assets of Idaho CuMo (previously the Notes were to have\n been unsecured); bear interest at a rate of 8.5% per annum (previously\n 6.0%), payable semi-annually on June 30 and December 31; and have a\n term of 7 years .With the consent of the holder of...