22 June 2016
TORONTO, ON --(Marketwired - June 22, 2016) - TMAC Resources Inc. (TSX: TMR) ("TMAC" or the "Company") announces that it has entered into an agreement with the Lenders, under its Debt Facility as such terms are defined below), to extend the period (the "Availability Period") during which TMAC can draw on the remaining US$70 million of the Debt Facility from June 30, 2016 to December 31, 2016.
The amendment to the credit agreement for the Debt Facility (the "Credit Agreement") extends the Availability Period during which the Company can draw under the Debt Facility from the first currently available extension period of August 31, 2016 to December 31, 2016. In conjunction with the above, TMAC anticipates drawing a portion of the US$70 million in July 2016. Additional draws are anticipated as funds are needed.