Touchstone Closes Trinidad Based $20mn Term Loan

(Touchstone, 16.Jun.2020) — Touchstone Exploration Inc. announced on 15 June 2020 the conditions precedent were satisfied in respect of its previously announced $20 million, seven-year term loan agreement with Republic Bank Limited.

Touchstone withdrew $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 $5 million available balance prior to June 15, 2021.

__________

Please follow and like us:
RSS
Follow by Email
Twitter
Visit Us
Follow Me
LinkedIn
Share
Instagram

Leave a Reply

Your email address will not be published. Required fields are marked *

RSS
Follow by Email
Twitter
Visit Us
Follow Me
LinkedIn
Share
Instagram