| Starcore Completes $4.5 Million Bond Offering | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 17, 2015) - Starcore International Mines Ltd. (SAM.TO) ("Starcore" or the "Company") has completed a private placement of secured bonds in the aggregate principal amount of CDN$4.5 million (the "Bonds"). The Bonds bear interest of 8% per annum, payable on maturity, and mature November 12, 2016. The Bonds will be secured by a charge over all of the Company's assets that ranks pari passu with the existing debt obligations of the Company. The Company has agreed that it will not incur any additional debt obligations without first obtaining the consent of the holders of the Bonds, and will set aside any proceeds received from asset sales in excess of $250,000 towards repayment of the Bonds. |
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Starcore International Ventures Ltd
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PRODUCER |
CODE : SAM.TO |
ISIN : CA85525T1030 |
CUSIP : 85525T103 |
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Starcore International is a gold exploration company based in Canada. Starcore International produces gold, silver and zinc in Mexico, and holds various exploration projects in Mexico. Its main asset in production is SAN MARTIN (MEXICO) in Mexico and its main exploration properties are CERRO DOLORES and EL TRANSITO in Mexico. Starcore International is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.2 millions as of today (US$ 3.8 millions, € 3.5 millions). Its stock quote reached its highest recent level on February 02, 2007 at CA$ 4.84, and its lowest recent point on December 05, 2019 at CA$ 0.05. Starcore International has 49 146 851 shares outstanding. |