Elemental Altus Royalties Secures up to US$50 Million Credit Facility, Announces Fundraise and Debt Conversion & Repayment
- Up to US$50 million Revolving Facility with NBC and CIBC and repayment of Sprott loan
- Outstanding debt reduced to US$30 million at significantly lower interest rates, saving over US$3.5 million in interest annually
- Materially decreases the Company's cost of capital and improves access to credit going forward
- Company in a strong position to transact on further accretive royalties and stream opportunities
- La Mancha has increased its shareholding in the Company to approximately 34.3% prior to proposed Financing
Moin @Blue Horseshoe
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