12 December 2016
On December 12, TMAC Resources Inc. announced that it has made its fourth and final draw in the amount of US$20 million under the US$120 million senior secured term loan facility entered into with a syndicate of lenders including Sprott Resource Lending Partnership (as Agent) and Morgan Stanley Capital Group Inc. (the “Lenders”) in July 2015 (the “Debt Facility”). The first draw of US$50 million was completed February 10, 2016, the second draw of US$35 million was completed July 7, 2016 and the third draw of US$15 million was completed September 26, 2016. Read the complete release here.