Nebari | Jotup

Ascot Arranges C$25 Million Bought Deal Financing and US$50 Million Additional Funding for Completion and Ramp-Up of the Premier Gold Project

Retrieved on:

Monday, January 22, 2024

VANCOUVER, British Columbia, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the Company has entered into non-binding term sheets for a total of approximately US$50 million in additional funding from Sprott Resource Streaming and Royalty Corp. and/or its affiliates (“Sprott Streaming” or “SRSR”) and Nebari Natural Resources Credit Fund II, LP (“Nebari Credit Fund II”). Additionally, the Company has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and Desjardins Capital Markets (collectively the “Underwriters”), pursuant to which the Underwriters have agreed to buy on a bought deal private placement basis, 56,820,000 Common Shares of the Company (the “Common Shares”) at a price of C$0.44 per Common Share, for gross proceeds of approximately C$25 million (the “Offering”). The proceeds from these additional funding sources will be used for the construction and operational ramp-up of the Premier Gold Project (“PGP” or the “Project”), to buy-back existing royalties, for additional working capital, and for general corporate purposes.

Key Points:

The proceeds from these additional funding sources will be used for the construction and operational ramp-up of the Premier Gold Project (“PGP” or the “Project”), to buy-back existing royalties, for additional working capital, and for general corporate purposes.
Cost Overrun Facility: US$20 million from Nebari Credit Fund II to be drawn in full at closing, with maturity to be in June 2027.
The interest rate would be 10.0% plus the greater of: (i) 3.5% and (ii) the three month secured overnight financing rate (“SFOR”) per annum.
It is paramount at this stage that the Company is well financed and I believe this funding package accomplishes this.

Lion One Receives US$23 Million from 1st Tranche of Nebari Financing Facility and Closes US$2 Million Equity Private Placement

Retrieved on:

Friday, February 10, 2023

Debtor, Tranche, Indian stock exchange, Warrant, Pandemic Emergency Financing Facility, Stock, Sale, Equity, CAD, ASX, Security (finance), LP, Nebari

In addition to Tranche 1, an additional US$12 million is available under the Financing Facility at Lion One's option in up to two further tranches which may be drawn on by Lion One within 18 months of the date of the Financing Facility.

Key Points:

In addition to Tranche 1, an additional US$12 million is available under the Financing Facility at Lion One's option in up to two further tranches which may be drawn on by Lion One within 18 months of the date of the Financing Facility.
The Equity Investment involved Nebari's subscription for 3,125,348 common shares of Lion One ("Common Shares") priced at CAD$0.86 per Common Share.
Lion One has the option to accelerate the expiry of further 25% portions of the Warrants at four-month intervals, up to a maximum of 75% of the Warrants.
The Common Shares subscribed for pursuant to the Equity Investment and the Warrants will be subject to a hold period expiring May 11, 2023 in accordance with Canadian securities laws and policies of the TSX-V.

Lion One Secures US$37 Million Financing Facility from Nebari

Retrieved on:

Friday, January 20, 2023

North Vancouver, BC, Jan 20, 2023 - (ACN Newswire) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to announce that it has entered into a facility agreement with Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (each as Lender and collectively, "Nebari"), with Nebari Collateral Agent, LLC as collateral agent and certain Lion One subsidiaries as guarantors, for a Financing Facility of up to US$37M (the "Financing Facility").

Key Points:

North Vancouver, BC, Jan 20, 2023 - (ACN Newswire) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to announce that it has entered into a facility agreement with Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (each as Lender and collectively, "Nebari"), with Nebari Collateral Agent, LLC as collateral agent and certain Lion One subsidiaries as guarantors, for a Financing Facility of up to US$37M (the "Financing Facility").
Proceeds from the Financing Facility will accelerate project construction and development at the Company's 100% owned and fully permitted high-grade Tuvatu Alkaline Gold Project in Fiji.
Lion One expects first production to be achieved by December 2023.
Financing Facility (All figures in USD): The Financing Facility consists of a US$35 million senior secured first lien term loan (the "Loan Facility") and a US$2 million (CAD$2.7 million) equity investment ("the Equity Investment") in common shares of Lion One.
Equity Investment: Concurrently with the Loan Facility, Nebari has entered into a subscription agreement to purchase 3,125,348 common shares of Lion One at a price of CAD$0.86 per share, representing an aggregate equity investment of US$2M (CAD$2.7M).

Lion One Secures US$37 Million Financing Facility from Nebari

Retrieved on:

Friday, January 20, 2023

Funding Package of US$35 Million Loan Facility and US$2 Million Equity Investment Finances and Accelerates Completion of Tuvatu Gold Mine and Production Facilities

Key Points:

North Vancouver, British Columbia--(Newsfile Corp. - January 19, 2023) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to announce that it has entered into a facility agreement with Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (each as Lender and collectively, "Nebari"), with Nebari Collateral Agent, LLC as collateral agent and certain Lion One subsidiaries as guarantors, for a Financing Facility of up to US$37M (the "Financing Facility").
Proceeds from the Financing Facility will accelerate project construction and development at the Company's 100% owned and fully permitted high-grade Tuvatu Alkaline Gold Project in Fiji.
Lion One expects first production to be achieved by December 2023.
Financing Facility (All figures in USD): The Financing Facility consists of a US$35 million senior secured first lien term loan (the "Loan Facility") and a US$2 million (CAD$2.7 million) equity investment ("the Equity Investment") in common shares of Lion One.
Equity Investment: Concurrently with the Loan Facility, Nebari has entered into a subscription agreement to purchase 3,125,348 common shares of Lion One at a price of CAD$0.86 per share, representing an aggregate equity investment of US$2M (CAD$2.7M).

Osino Secures Interim Credit Facility From Nebari to Complete Land Acquisition in Namibia Ahead of Project Financing

Retrieved on:

Tuesday, November 8, 2022

VANCOUVER, British Columbia, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQX:OSIIF) ("Osino” or “the Company”) is pleased to announce that it has entered into an agreement with Nebari Gold Fund 1, LP and Nebari Natural Resources Credit Fund I, LP (each as Lender and collectively, "Nebari"), with Nebari Gold Fund 1, LP as collateral agent and certain Osino subsidiaries as guarantors, for a credit facility of up to US$15M (the “Credit Facility”). The Credit Facility provides for an initial draw of US$5M (“Tranche 1”), with the potential of two additional draws of US$5M each (“Tranches 2 and 3”), at the election of Osino, and subject to conditions precedent.

Key Points:

The Credit Facility and any Warrants issued thereunder are subject to approval and the policies of the TSX Venture Exchange (the "TSX-V").
There are no finders fees payable in respect of the Credit Facility.
Andre Krol, Managing Partner with Nebari commented: We are extremely excited to partner with Osino as they advance the Twin Hills project.
The Credit Facility does not give Nebari any pre-emptive rights on arranging the project finance, for which a separate competitive process has commenced.

Excelsior Mining Announces Extension and Increase to Nebari Credit Facility

Retrieved on:

Thursday, December 23, 2021

PHOENIX, Dec. 23, 2021 /PRNewswire/ - Excelsior Mining Corp. (TSX: MIN) (OTCQX: EXMGF) (FSE: 3XS) ("Excelsior" or the "Company") is pleased to announce that it and its wholly-owned subsidiary Excelsior Mining Arizona, Inc. ("Excelsior Arizona") has agreed with Nebari Natural Resources Credit Fund I LP ("Nebari") to extend the maturity date of its existing US$15 million credit facility to September 29, 2023.

Key Points:

PHOENIX, Dec. 23, 2021 /PRNewswire/ - Excelsior Mining Corp. (TSX: MIN) (OTCQX: EXMGF) (FSE: 3XS) ("Excelsior" or the "Company") is pleased to announce that it and its wholly-owned subsidiary Excelsior Mining Arizona, Inc. ("Excelsior Arizona") has agreed with Nebari Natural Resources Credit Fund I LP ("Nebari") to extend the maturity date of its existing US$15 million credit facility to September 29, 2023.
The Company, Excelsior Arizona and Nebari have entered into an Amended and Restated Credit Agreement (the "ARCA").
The ARCA provides for the extension of the maturity date of the existing US$15 million credit facility to September 29, 2023 (the "First Extension").
The ARCA also provides for the availability of a further US$15 million (the "Facility Increase") and a further extension of the maturity date of the facility to July 31, 2024 (the "Second Extension").

Vendetta Announces Extending of Loan to Dec 2022

Retrieved on:

Tuesday, April 27, 2021

English-language films, Films, Nebari, Vendetta, Creative works, Cinema of the United States

"\nDaniel Freuman, Managing Partner of Nebari, commented, "We are pleased to extend our financing relationship with Vendetta.

Key Points:

"\nDaniel Freuman, Managing Partner of Nebari, commented, "We are pleased to extend our financing relationship with Vendetta.
Lending to companies which possess high quality assets and credible management teams is core to our strategy, and we are attracted by Vendetta\'s focus on adding to project value.
It is currently focused on advancing the Pegmont Lead Zinc project in Australia.
Learn more at www.nebari.com ..\nPeter Voulgaris, MAIG, MAusIMM, a Director of Vendetta, is a non-independent qualified person as defined by NI 43-101.