By Shane Lasley
North of 60 Mining News
Investors approve funds for Tulsequah plan
Green light allows Redcorp to sell B.C. project's gold for C$90 million and secure C$110 million in loans; money will pay for mine's development
Share
Tweet
Last updated 9/28/2008 at Noon
Redcorp Ventures Ltd. and subsidiary Redfern Resources Ltd. said holders of more than the required two-thirds of the company's 13 percent senior secured notes have agreed to certain amendments to the note terms between the junior mining company and CIBC Mellon Trust Co.
The proposed amendments will give Redcorp access to about $200 million in capital to be used to develop the Tulsequah Chief Mi...
For access to this article please
sign in or
subscribe.
Reader Comments(0)