pcJ News Briefs – Maverix Metals Inc. (TSX-V: MMX) has closed previously announced senior secured loan facility with CEF (Capital Markets) Limited for US $20 million. Maverix Metals has also closed its previously announced private placements with CEF and Pan American Silver Corp. for gross proceeds of CDN $9,877,950.
Maverix Metals now has in excess of CDN $44 million in available funds to pursue growth opportunities.
News Release
MAVERIX METALS ANNOUNCES CLOSING OF US$20,000,000 LOAN FACILITY AND PRIVATE PLACEMENT FINANCINGS
August 17, 2017, Vancouver, British Columbia – Maverix Metals Inc. (the “Company” or “Maverix”) (TSX-V: MMX) is pleased to announce that it has closed the previously announced senior secured loan facility (the “Facility”) with CEF (Capital Markets) Limited (“CEF”) for US$20,000,000. In addition, the Company has closed the previously announced private placements to CEF and Pan American Silver Corp. for total proceeds of C$9,877,950 (the “Private Placements”).
The Company intends to use the proceeds from the Facility and the Private Placements to acquire additional precious metals royalties and streams.
Maverix now has in excess of C$44 million in available funds to pursue growth opportunities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Maverix:
Maverix’s primary purpose is to acquire and hold predominantly precious metals streams and royalties, and in so doing provide significant leverage to gold and silver prices for its shareholders. Maverix’s mission is to increase underlying per share value by adding high-quality royalties and streams that offer robust returns to Maverix’s portfolio.
For further information, please contact:
Maverix Metals Inc.
Daniel O’Flaherty: (604) 343-6225
President and CEO
Email: info@maverixmetals.com
Website: www.maverixmetals.com