🕐29.06.12 - 23:00 Uhr
FIRE RIVER GOLD CORP. AMENDS WATERTON DEBT FACILITY
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Re: News Releases - Friday, June 29, 2012
Fire River Gold Corp.
Amends Waterton Debt Facility
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June 29, 2012 Vancouver, Canada - Fire River Gold Corp.
[TSXV: FAU |
OTCQX: FVGCF | FSE: FWR] (the "Company") today announced it has entered
into an amendment agreement dated June 22, 2012 (the "Amendment
Agreement") with Waterton Global Value, L.P.
("Waterton") pursuant to
which it has amended the terms of the Senior Secured Gold Stream Credit
Agreement dated March 30, 2012 (the "Credit Facility") between the
Company and Waterton.
Under the terms of the Amendment Agreement,
Waterton has agreed to increase the Credit Facility by making available
to the Company, $1,500,000 (the "Additional Facility") as a single
advance and non-revolving loan.
The principal amount of the Additional
Facility is to be repaid by the Company on the earlier of (i) the date
on which the Company closes its next equity offering of its common
shares, and (ii) August 1, 2012.
As part of the Additional Facility,
the Company paid Waterton a two percent (2%) cash structuring fee and
will issue 2,250,000 share purchase warrants ("Warrants") to Waterton,
at an exercise price of $0.10 per Warrant and the Warrants will expire
three years from the date of issue.
The Warrants are subject to a four
month hold period in accordance with applicable Canadian securities
laws.
All other terms of the Credit Facility as disclosed in press
releases dated April 4, 2012 and April 23, 2012 remain in effect.
The foregoing is subject to TSX Venture Exchange approval.
On behalf of the board of directors.
"R.
David Russell"
R.
David Russell,
Interim President and CEO
Further Information:
Tel: +1.604.261.0580 Fax: +1.604.261.0583
Email: Website: http://www.firerivergold.com
Suite 340, 1200 West 73rd Avenue
Vancouver, British Columbia V6P 6G5
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This email should not be construed as an offer to buy or sell
securities of Fire River Gold Corp.
Cautionary Note Regarding Forward-Looking Statements:
Certain information regarding the Company including managements
assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and
necessarily involve risks associated with mining exploration and
development, volatility of prices, currency fluctuations, imprecision
of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to
access sufficient capital.
As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements.
A
feasibility study has not been completed and there is no certainty the
disclosed targets will be reached nor that the proposed operations will
be economically viable.
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.
We seek safe harbour
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Copyright (c) 2012 FIRE RIVER GOLD CORP.
(FAU) All rights reserved.
For more information visit our website at http://www.firerivergold.com/
or send mailto:
Message sent on Fri Jun 29, 2012 at 1:32:04 PM Pacific Time
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