Brigus Gold Closes $30 Million Bought Deal Debt Financing
1 hours 18 minutes ago - Businesswire
Brigus Gold Corp. (NYSE MKT: BRD; TSX: BRD)("Brigus" or the "Company") has completed the previously announced $30 million bought deal debt financing (the "financing"). The financing was arranged by Casimir Capital for a finance structure fee of 2.77 percent. The $30 million in senior secured debt notes are secured by a lien against the Company's Black Fox Complex and the Goldfields properties with a three year term. Principle payments of $2 million will be paid quarterly, commencing on June 30, 2013. The Notes will bear interest at an annual rate as calculated below, which shall be paid monthly based on the closing Bloomberg Composite New York Gold Price from the prior month.