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Atico Mining Announces Amendment and Extension of US$10 Million Credit Facility
VANCOUVER, British Columbia, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) is pleased to ann
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) is pleased to announce that it has entered into an amendment and restatement agreement with Trafigura PTE. LTD. (the “Lender”) to amend the US$ 10 million credit agreement entered into with the Lender in February 2022 (see Atico’s press release dated February 9, 2022), by extending the maturity date of the credit facility from August 8, 2024, to July 31, 2026, with the following principal repayment schedule: US$ 650,000 due on January 31, 2025, and April 30, 2025; US$ 700,000 due on July 31, 2025; US$ 950,000 due on Oct 31, 2025, January 31, 2026, and April 30, 2026; and US$ 5,150,000 due on July 31, 2026; The outstanding principal will bear interest at a rate of SOFR plus 7.5%. About Atico Mining Corporation Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com. ON BEHALF OF THE BOARD Fernando E. GanozaCEOAtico Mining Corporation Trading symbols: TSX.V: ATY | OTCQX: ATCMF Investor RelationsIgor DutinaTel: +1.604.633.9022 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a \"U.S. person\" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction. Cautionary Note Regard...