Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. NASDAQ OMX GlobeNewswire Message Board

GobiMin Extended a Loan Agreement TORONTO, Oct. 0

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 301275
(Total Views: 19)
Posted On: 10/06/2017 9:00:26 AM
Avatar
Posted By: News Desk 2018
GobiMin Extended a Loan Agreement

TORONTO, Oct. 06, 2017 (GLOBE NEWSWIRE) -- GobiMin Inc. (TSX-V: GMN ) (the “ Company ” or “ GobiMin ”) announces that it agrees to extend the repayment term from October 6, 2017 to April 6, 2018 with respect to a USD4,000,000 revolving, term loan facility bearing an interest rate of 3.5% per annum (the “ Loan ”) in favor of China Precision Material Limited (“ CPML ”), a non-arm’s length party, under the loan agreement dated April 6, 2017.  All the other terms of the loan agreement remain unchanged. GobiMin may demand repayment of principal and interest anytime with a 3 days’ notice.

The outstanding principal amount of the Loan is currently USD3,500,000.     

GobiMin owns a 8.38% indirect equity interest in CPML which engages in the trading of metals, predominately silver, in Hong Kong.

The Loan is considered a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). The Company is relying on Sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for exemptions from the formal valuation and minority approval requirements under MI 61-101, as the amount of the Loan to CPML does not exceed 25% of the Corporation’s market capitalization.

Extension of the Loan is subject to receipt of all applicable regulatory and exchange approvals.

For further information, please contact:

Felipe Tan, Chief Executive Officer Tel: (852) 3586-6500 Email: felipe@gobimin.com

“ Neither 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. ”

To receive GobiMin press releases by email, send a message to info@gobimin.com and  specify “GobiMin press releases” on the subject line To unsubscribe GobiMin press releases, please send a message to unsubscribe@gobimin.com



(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us