| HUDSON SECURES SHORT TERM BRIDGE LOAN | |
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FOR IMMEDIATE RELEASE TSX-V: HUD August 19, 2015 OTC: HUDRF NR2015-05
HUDSON SECURES SHORT TERM BRIDGE LOAN
Vancouver, BC - HUDSON RESOURCES INC. (the "Company") - (TSX Venture Exchange "HUD"; OTCQX "HUDRF") announces that it has obtained an unsecured bridge loan for approximately $1,200,000. Total proceeds of the loan are committed to the purchase of heavy equipment required for ongoing pre-construction activities at the Company's White Mountain anorthosite project. The equipment will also be used in the day-to-day mining operations once mining commences. Hudson proposes to repay the loan from the proceeds of the Company's recently announced non-brokered private placement. Timing issues required financing the equipment prior to the closing of the private placement. This will now allow Hudson to complete significant pre-development work in 2015 ahead of its proposed mine construction in the first half of 2016. The unsecured loan is for a term of up to three months bearing interest at 12% per annum.
ON BEHALF OF THE BOARD OF DIRECTORS
"James Tuer"
James Tuer, President
For further information:
James Tuer, President
Ph: 604-628-5002 or 604-688-3415 [email protected]
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Suite 1460 - 1066 West Hastings Street Tel: (604) 628-5002
Vancouver, B.C. V6E 3X1 Fax: (604) 688-3452
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Hudson Resources Inc
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EXPLORATION STAGE |
CODE : HUD.V |
ISIN : CA44415F1036 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hudson Res. is a silver and gold exploration company based in Canada. Hudson Res. holds various exploration projects in Greenland. Its main exploration properties are GARNET LAKE in Canada and SARFARTOQ in Greenland. Hudson Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.0 millions as of today (US$ 3.2 millions, € 3.0 millions). Its stock quote reached its highest recent level on February 02, 2007 at CA$ 2.41, and its lowest recent point on March 22, 2024 at CA$ 0.02. Hudson Res. has 134 600 000 shares outstanding. |