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Gold/Mining/Energy : Cypress Min. (CYP.V) Diamond Fields clone? -- Ignore unavailable to you. Want to Upgrade?

To: zoli bognar who wrote (466)	1/10/1999 11:29:00 AM
From: Little Joe	Read Replies (1) \| Respond to of 595

Further Details on the loan Three banks have entered an agreement to provide US$60 million to Goldcorp (G-T) for the expansion of its Red Lake mine in northwestern Ontario. The loan, to be provided by the Bank of Montreal, the Bank of Nova Scotia and the Royal Bank, matures at the end of 2003, and funds drawn down will bear interest at the London Inter-Bank Offer Rate (LIBOR, currently 5%) plus 2.5%. The rate falls to LIBOR plus 2.25% once development is complete, and, subject to Goldcorp's financial state, can fall further, to LIBOR plus 1.25%. Little Joe