Waterton Global Value

Entity type image
Type: Company
Name: Waterton Global Value
First reported Jun 18 2013 - Updated Jun 18 2013 - 2 reports

Selwyn Resources says all of its board nominees elected; corporate update in the works

Selwyn Resources  ( CVE:SWN ) says that each of its director nominees were elected to its board of directors at the company's annual and general special meeting of shareholders, who voted against the voluntary liquidation of the company.  In a statement ... [Published Proactiveinvestors United Kingdom RSS feed - Jun 18 2013]
First reported Jun 12 2013 - Updated Jun 12 2013 - 1 reports

Selwyn repays loan facility with Waterton Global

Selwyn Resources Ltd. has repaid all indebtedness under its loan facility with Waterton Global Value LP. The Waterton facility has been extinguished, and all security granted under the facility has been discharged.In connection with the repayment of the ... [Published Stockwatch - Jun 12 2013]
First reported Jun 09 2013 - Updated Jun 09 2013 - 1 reports

FORMATION SALE ‘WON’T IMPACT’ STALLED PROJECT

Vancouver , Jun 9Formation Metals ’ sale of its Sunshine Precious Metals refinery and copper refinery at the Big Creek hydrometallurgical complex in Idaho, USA will buoy its financial position while it awaits a market turnaround for its Idaho Cobalt ... [Published Mining Business Media - Jun 09 2013]
First reported Jun 07 2013 - Updated Jun 07 2013 - 1 reports

Scorpio Gold Grants Incentive Stock Options

- Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) has granted a total of 2,545,000 incentive stock options to directors, officers, consultants and employees, exercisable at a price of $0.275 per share for a period of ten (10) ... [Published Yahoo! Finance - Jun 07 2013]
First reported Jun 06 2013 - Updated Jun 06 2013 - 3 reports

Gryphon Gold now owns 37.2% of Borealis

Gryphon Gold Corp. is updating the status of the litigation with the royalty holders.The company is also providing an update on its senior secured gold stream facility with Waterton Global Value LP. Under the terms of the credit facility, monthly principal, ... [Published Stockwatch - Jun 06 2013]
First reported Apr 15 2013 - Updated Apr 15 2013 - 1 reports

Scorpio Gold produces 7,411 oz Au, 2,740 oz Ag in Q1

Scorpio Gold Corp. has released its operating results for the first quarter of 2013 at its 70-per-cent-owned Mineral Ridge project, Nevada.Production in Q1 from the Drinkwater and Mary pits totalled 7,411 ounces of gold and 2,740 ounces of silver. The ... [Published Stockwatch - Apr 15 2013]
First reported Mar 28 2013 - Updated Mar 28 2013 - 1 reports

Fire River Gold drills 6,846 m so far in 2013

. is releasing the following operations update.Underground exploration and definition drilling continues in both the Crystal and Mystery mines. Once the 385/J5A drift is completed in the next couple of months, additional definition drilling will be completed ... [Published Stockwatch - Mar 28 2013]
First reported Mar 28 2013 - Updated Mar 28 2013 - 1 reports

Strike Minerals faces claim over unpaid dewatering work

A statement of claim has been filed against Strike Minerals Inc. under the Construction Lien Act (Ontario), by 161229 Canada Inc., carrying on business as Whelan Mining Contractors. Whelan claims that the company owes money for dewatering work undertaken ... [Published Stockwatch - Mar 28 2013]
First reported Mar 14 2013 - Updated Mar 14 2013 - 1 reports

Sage extends maturity date of Waterton debt financing

Sage Gold Inc. has extended the maturity date, from Aug. 13, 2013, to Feb. 10, 2014, of the $1.5-million preproduction debt financing with Waterton Global Value LP press released on May 16, 2012. Fees related to the aforementioned extension equal 8 per ... [Published Stockwatch - Mar 14 2013]

Quotes

The Company is also providing an update on its Senior Secured Gold Stream Facility (the " Credit Facility ") with Waterton Global Value L P (" Waterton "). Under the terms of the Credit Facility, monthly principal, interest and premium payments are required to be made on the last day of each month until November 2014. The Company has the option of satisfying the monthly principal and premium payments in cash, by delivery of physical gold or by the assignment to Waterton of an interest in Borealis Mining Company, LLC (" Borealis ") in such amounts or number determined in accordance with the requirements of the credit agreement, as amended, relating to the Credit Facility (the " Credit Agreement "). On May 31, 2013, the Company transferred to Waterton 80,000 membership units in Borealis for the payment due May 31, 2013. As a result, the Company now owns a 37.2% interest in Borealis (3,720,000 membership units) and Waterton owns a 62.8% interest."
Dr. Harlan Meade, the Chief Executive Officer and President of the Company, said: "In proposing the sale of our interest in the Selwyn Project, the board of directors of the Company was of the view that the best strategy for the Company was to focus on the development of the ScoZinc Mine rather than to continue to try and finance Selwyn's share of project costs and risk default of its obligations under the Selwyn Joint Venture Agreement. But it is clear that a significant group of shareholders prefers that an alternative path be considered that would result in the distribution of the proceeds of the sale to shareholders and the disposition of the ScoZinc Mine. Accordingly, the board of directors of Selwyn determined that the most equitable option would be to present the liquidation proposal to all of the shareholders of the Company and, if approved, that there be a fair and orderly wind-up of the Company."
Peter J Hawley, CEO reports, "The Company's Q1 operating results demonstrate a 33% increase in ore tonnes mined from the Drinkwater Pit compared to Q1 2012, and a continued increase in quarterly production from the developing Mary Pit. Recent key improvements to the Mineral Ridge operation include increased production capacity in the pits and a new crushing facility with multiple design improvements that is just weeks away from commissioning and will increase crusher throughput. In addition, a new water well on site is delivering an extra 150 gallon per minute to the leach pad, which is expected to accelerate the leaching process and delivery of gold and silver bearing solution to the ADR plant."
...5 million pre-production debt financing with Waterton Global Value L P press released on May 16, 2012 (the " Facility "). Fees related to the aforementioned extension, equal 8% of the principal amount advanced under the Facility. All other terms of the Facility remain unchanged. Additionally, the Company has drawn down the second and final tranche of the Financing, in the amount of $500,000. "

More Content

All (28) | News (22) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (6)
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Golden Band enters contractor, loan deal with P... [Published Stockwatch - Jun 18 2013]
Golden Band Enters $20 Million Cost Plus Contra... [Published Canada NewsWire - Jun 18 2013]
Selwyn Resources says all of its board nominees... [Published Proactive Investors Australia - Jun 18 2013]
Selwyn Resources says all of its board nominees... [Published Proactiveinvestors United Kingdom RSS feed - Jun 18 2013]
Selwyn Resources says all of its board nominees... [Published Proactive Investors USA - Jun 18 2013]
Selwyn Resources repays Waterton loan in full [Published Proactive Investors USA - Jun 12 2013]
Selwyn repays loan facility with Waterton Global [Published Stockwatch - Jun 12 2013]
Selwyn Resources Announces Repayment of Waterto... [Published Market Wire - Jun 12 2013]
FORMATION SALE ‘WON’T IMPACT’ STALLED PROJECT [Published Mining Business Media - Jun 09 2013]
Scorpio Gold Grants Incentive Stock Options [Published Market Wire - Jun 07 2013]
Scorpio Gold Grants Incentive Stock Options [Published Yahoo! Finance - Jun 07 2013]
Gryphon Gold now owns 37.2% of Borealis [Published Stockwatch - Jun 06 2013]
Gryphon Gold Provides Update on Senior Credit F... [Published SPi World News - Jun 06 2013]
Gryphon Gold Provides Update on Senior Credit F... [Published Newsfile - Jun 06 2013]
Selwyn Resources Announces Closing Date for the... [Published Market Wire - May 21 2013]
Strike Minerals, Waterton sign forbearance agre... [Published Stockwatch - Apr 30 2013]
Scorpio Gold produces 7,411 oz Au, 2,740 oz Ag ... [Published Stockwatch - Apr 15 2013]
Gryphon lender Waterton now holds 61.2% of Bore... [Published Stockwatch - Apr 05 2013]
Fire River Gold drills 6,846 m so far in 2013 [Published Stockwatch - Mar 28 2013]
Strike Minerals faces claim over unpaid dewater... [Published Stockwatch - Mar 28 2013]
Strike Minerals Announces Filing of Certificate... [Published Marketwire - Breaking News Releases - Mar 28 2013]
Sage extends maturity date of Waterton debt fin... [Published Stockwatch - Mar 14 2013]
Sage Extends Maturity Date of Pre-Production De... [Published Marketwire - Breaking News Releases - Mar 14 2013]
Selwyn Resources sells JV stake in Yukon projec... [Published Proactiveinvestors United Kingdom RSS feed - Mar 05 2013]
Gryphon Gold Reports $3.2 Million in Revenue fo... [Published Marketwire - Breaking News Releases - Feb 14 2013]
Gryphon Gold to Discuss Joint Venture Agreement... [Published Marketwire - Breaking News Releases - Feb 13 2013]
Gryphon Gold Announces Joint Venture With Water... [Published Marketwire - Breaking News Releases - Jan 31 2013]
Fire River And Waterton Amend Credit Facilty [Published Financial Services - Jan 07 2013]
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sort by: Date | Relevance
Strike Minerals Announces Filing of Certificate... [Published Marketwire - Breaking News Releases - Mar 28 2013]
Sage Extends Maturity Date of Pre-Production De... [Published Marketwire - Breaking News Releases - Mar 14 2013]
Gryphon Gold Reports $3.2 Million in Revenue fo... [Published Marketwire - Breaking News Releases - Feb 14 2013]
Gryphon Gold to Discuss Joint Venture Agreement... [Published Marketwire - Breaking News Releases - Feb 13 2013]
Gryphon Gold Announces Joint Venture With Water... [Published Marketwire - Breaking News Releases - Jan 31 2013]
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