McFarlane Lake Pays Down Debt
McFarlane Lake Mining is redeeming US$10.96 million of its US$12.66 million outstanding 15% senior secured debentures, leaving approximately US$1.7 million in debt. The redemption is funded by warrant exercises, a recent C$6.75 million private placement, and existing cash resources, significantly improving the company's balance sheet and investment profile.
Key figures
- Interest rate
- 15%
- Debt repaid usd
- US$10,960,534
- Remaining debt usd
- ~US$1,695,000
- Inferred resource oz
- 3.17 million
- Indicated resource oz
- 1.01 million
- Private placement cad
- C$6,750,000
- Total debt principal usd
- US$12,655,531
AI analysis
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