Friday, June 29, 2012

Fuck You Kitty

"Fire River Gold Corp. has entered into an amendment agreement dated June 22, 2012, with Waterton Global Value LP pursuant to which it has amended the terms of the senior secured gold-stream credit agreement dated March 30, 2012, between the company and Waterton.

Under the terms of the amendment agreement, Waterton has agreed to increase the credit facility by making available to the company $1.5-million as a single-advance and non-revolving loan. The principal amount of the additional facility is to be repaid by the company on the earlier of: (i) the date on which the company closes its next equity offering of its common shares and (ii) Aug. 1, 2012.

As part of the additional facility, the company paid Waterton a 2-per-cent cash-structuring fee and will issue 2.25 million share purchase warrants to Waterton, at an exercise price of 10 cents per warrant, and the warrants will expire three years from the date of issue.
Just an extra little bum pokery in case there's accidentially something left over from the rotting carcass. (phat chance)