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Eco Oro Receives Balance of Secured Term Loan
Eco Oro Receives Balance of Secured Term Loan Canada NewsWire VANCOUVER, May 1, ...
About this update from Eco Oro Minerals Corp.
[{"type":"text","content":"\n\n\n\nEco Oro Receives Balance of Secured Term Loan\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 1, 2018\n\n\n\nVANCOUVER, May 1, 2018 /CNW/ - Eco Oro Minerals Corp. (\"Eco Oro\" or the \"Company\") (CSE: EOM) announces that further to its news release dated April 20, 2018, it has received the second and final advance of the secured term loan (the \"Loan\") from Trexs Investments, LLC, an entity managed by Tenor Capital Management Company, L.P.  The amount of the second advance is US$7,521,468.  The total principal amount of the Loan is US$15,190,000.\n\nThe Company expects to use the second advance to pay certain accounts payable and for general corporate purposes, including short-term working capital needs.\n\nPlease see the Company's new release dated April 20, 2018 for further information regarding the Loan.\n\nCompany Profile\n\nEco Oro Minerals Corp. is a publicly-traded company and its arbitration (the \"Arbitration\") against the Republic of Colombia is its core focus.\n\nForward-Looking Information\n\nThis news release includes \"forward-looking information\" and \"forward-looking statements\" (collectively, \"forward-looking statements\") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve known and unknown risks and uncertainties. Forward-looking statements in this news release include, without limitation, statements regarding the use of proceeds of the Loan and related matters. Forward-looking statements are generally, but not always, identified by the words \"expects\", \"plans\", \"anticipates\", \"seeks\", \"claims\", \"asserts\", \"in the event\", \"if\", \"believe\", \"assets\", \"position\", \"intends\", \"envisages\", \"assumes\", \"recommends\", \"estimates\", \"approximate\", \"projects\", \"potential\", \"indicate\" and similar expressions, or that events or conditions \"will\", \"would\", \"may\", \"could\" or \"should\" occur. \n\nForward-looking statements are necessarily based...