True Grit Resources Ltd. - Loan Transaction

About this update from International Metals Mining Corp

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, April 3, 2013 /CNW/ - True Grit Resources Ltd. (TSX: TGI.H) (NEX: TGI.H) reports that the Board of Directors has authorized management to\n proceed with loan arrangements for a term of one year whereby the\n Company will borrow $80,000. Under the terms of the loan agreements,\n lenders will be paid 10% interest and will receive a 20% bonus, payable\n in shares of the Company at a deemed price of $0.09 per share. The\n proceeds will be used to continue exploration work on the Company's\n Cooks Creek property and for general working capital. This transaction\n is subject to the approval of the TSX Venture Exchange.\n\n\nOn behalf of the Board,TRUE GRIT RESOURCES LTD.\n\n\nAllan W. Williams\nPresident and CEO\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\nStatements in this press release, other than purely historical\n information, including statements relating to the Company's future\n plans and objectives or expected results, may include forward-looking\n statements. Forward-looking statements are based on numerous\n assumptions and are subject to all of the risks and uncertainties\n inherent in resource exploration and development. As a result, actual\n results may vary materially from those described in the forward-looking\n statements.\n\nSOURCE: True Grit Resources Ltd.\n\n\n 615 - 800 West Pender St., Vancouver, B.C. V6C 2V6 TELEPHONE: (604) 681-6766 FACSIMILE: (604) 684-0279 \n","length":2014,"tagName":"div"}]

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