Sandfire Resources America Announces Variation to Bridge Loan Agreement
June 28 2024 - 5:10PM
Sandfire Resources America Inc.
("Sandfire America" or the "Company") announces
that it has entered into a third variation agreement (the
"
Third Variation") to its bridge loan agreement,
as amended (the “
Bridge Loan”) with Sandfire BC
Holdings (Australia) Pty Ltd. ("
Sandfire BC"), the
Company's largest shareholder, and Tintina Montana Inc., a
wholly-owned subsidiary of the Company ("
Tintina
Montana").
Pursuant to the Third Variation, the amount
available to be borrowed under the Third Variation, Variation and
Bridge Loan will be increased from an aggregate of up to US$32.0
million to an aggregate of up to US$40.0 million through one or
more advances, and the latest maturity will be extended from June
30, 2024 to June 30, 2025, subject to the terms of the Third
Variation and the Bridge Loan.
All other terms and conditions of the Bridge
Loan shall remain in full force and effect, except as amended by
the Third Variation. No securities of the Company are issuable
under the Agreement.
Contact Information:Sandfire
Resources America Inc. Nancy Schlepp, VP of Communications Mobile:
406-224-8180Office: 406-547-3466Email:
nschlepp@sandfireamerica.com
Cautionary Note Regarding Forward-Looking
Statements: Certain disclosures in this document constitute
"forward looking information" within the meaning of Canadian
securities legislation, including statements regarding the
Agreement, the Company's financing options and expected outcomes.
In making these forward-looking statements, the Company has applied
certain factors and assumptions that the Company believes are
reasonable, including that the Company will receive required
regulatory approvals, and that the Company will be able to secure
additional funding to execute its plans, However, the
forward-looking statements in this document are subject to numerous
risks, uncertainties and other factors, including delays in
obtaining or inability to obtain required government or other
regulatory approvals or financing. There can be no assurance that
such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such statements. Readers are cautioned not to place undue reliance
on forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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