The principal balance on extension is $1,221,649.30 and the Loan will bear interest at the rate of 10% per annum, accrued daily. Defiance will issue 2,350,000 warrants to the Lender, each warrant entitling the holder to acquire one common share of Defiance at $0.20 until December 21, 2020. The issuance of the warrants will be subject to the approval of the TSX Venture Exchange. The Loan is secured by the assets of the Company's subsidiaries.
About Defiance Silver Corp.
On behalf of Defiance Silver Corp.
"Chris Wright"
Chairman of the Board
For more information, please contact: Investor Relations at +1 917-563-3821 or via email at: [email protected]
704 - 595 Howe Street,
Vancouver, BC V6E 2K3
Tel: 604-669-7315
www.defiancesilver.com
Neither 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50926
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