26 July 2017
TMAC Resources Inc. has signed a revised credit agreement with Sprott Private Resource Lending, LP and associated lenders to provide for total borrowings of US$160 million. The additional funds to increase the original senior secured term loan facility credit agreement entered into in July 2015 to US$160 million was received today and allows TMAC to finance the significant, seasonal expenses incurred during the summer sealift period and the revisions to the term and repayment schedule of the previous senior secured term loan facility credit agreement entered into in July 2015 accommodates the company’s plans to develop the Madrid and Boston deposits over the next five years. Further details regarding the Revised Credit Agreement are as set forth in the company’s news release issued July 14, 2017.