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Touchstone announces closing of Trinidad based USD20 million term loan


16 Jun 2020

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Touchstone Exploration has announced that on June 15, 2020 the conditions precedent were satisfied in respect of its previously announced US$20 million, seven-year term loan agreement with Republic Bank. Touchstone withdrew US$15 million to satisfy obligations relating to prepaying the Company's former C$20 million credit facility. Pursuant to the Term Loan, Touchstone has the option to withdraw the remaining US$5 million available balance prior to June 15, 2021.

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Source: Touchstone Exploration





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