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Re: News - Thursday, June 26, 2008
Infinito Gold Arranges $2,000,000 Loan
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Infinito Gold Ltd. (the "Company") - The Company is pleased to announce
that it has borrowed $Cdn 2,000,000 from Exploram Enterprises Ltd.
("Exploram"), its controlling shareholder. Interest is payable on the
loan at a rate of 9.5% per annum, payable monthly and a 3% structuring
fee will be paid by the Company to Exploram. The loan is payable on
demand after September 30, 2008 and is secured by a general security
agreement over the Company's assets. This demand loan is in addition
to the $7,500,000 in loans outstanding which were obtained from
Exploram through financings on June 19 and December 27 of 2006 and on
March 27 and May 27 of 2008 plus a $5,000,000 convertible debenture
maturing on January 31, 2009.
The proceeds of the loan will be used by the Company's wholly owned
subsidiary, Industrias Infinito S.A. ("IISA") to advance road building
and mine site activities associated with the ongoing development and
construction of the Crucitas gold mine in Costa Rica as well as to fund
general corporate requirements. The Company felt it necessary to close
the transaction expeditiously to enable it to promptly meet development
obligations.
John Morgan, President
Infinito Gold Ltd.
"The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release."
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Copyright (c) 2008 INFINITO GOLD LTD. (IG) All rights reserved. For
more information visit our website at http://www.infinitogold.com/ or
send mailto:vvvinfo@infinitogold.com
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Infinito Gold Ltd.
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EXPLORATEUR |
CODE : IG.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Infinito Gold est une société d’exploration minière d'or basée au Canada. Infinito Gold détient divers projets d'exploration au Costa Rica et au Nicaragua. Ses principaux projets en exploration sont LAS CRISTINAS (BOLIVAR) au Venezuela, POTARO DISTRICT GOLD et MARUDI MOUNTAIN en Guyana, CRUCITAS au Costa Rica et ZUNGANO au Nicaragua. Infinito Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 620 850 CA$ (478 737 US$, 439 433 €). La valeur de son action a atteint son plus haut niveau récent le 02 mai 2008 à 0,79 CA$, et son plus bas niveau récent le 16 juillet 2015 à 0,01 CA$. Infinito Gold possède 124 170 000 actions en circulation. |