Wheaton River Minerals (WRM Toronto) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jimsy who wrote (71)	5/20/1997 12:07:00 PM
From: gmweber	of 350

Jim some NEWS: FOR FURTHER INFORMATION PLEASE CONTACT: Wheaton River Minerals Ltd. Ian J. McDonald Chairman and Chief Executive Officer (416) 860-0919 or Wheaton River Minerals Ltd. Paul MacDonald Investor Relations (416) 860-0919 NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: WHEATON RIVER MINERALS LTD. TSE SYMBOL: WRM MAY 20, 1997 Wheaton River Starts to Draw on Project Loan TORONTO, ONTARIO--Wheaton River Minerals Ltd. and North American Metals Corp. are pleased to announce that they have completed all documentation pertaining to the Golden Bear project financing loan from Barclays Bank PLC and that North American Metals has begun drawing down funds. The Loan facility is for US$11 million (C$15 million). The funds are to be used to complete construction and initate production at the Golden Bear mine in northwestern British Columbia. The mine is schedules to produce 25,000 ounces of gold this year, and average 45,000 ounces annually over the next four years. Construction has begun, and the first gold is expected to be poured in early September. The loan will be repaid over a four year period. Interest is payable at an annual rate of 2.5 percent above LIBOR pre- completion and 2.0 percent post completion. regards gmweber

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next