Eco Oro announces US$6.5M bridge financing
December 06, 2019
6.50 Million USD
On December 6, 2019, Eco Oro Minerals Corp. announced its issuance of a US$6.5 million demand promissory note to Trexs Investments, LLC bearing interest at a rate of 10% per annum. The promissory note is secured by a general security interest over all of Eco Oro’s assets. The net proceeds from the promissory note will be used for general corporate purposes, including financing Eco Oro’s ongoing arbitration with the Republic of Colombia.
Eco Oro Minerals Corp. is a publicly-traded company and its arbitration against the Republic of Colombia is its core focus.
McCarthy Tétrault LLP advised Eco Oro Minerals Corp. with a team led by Robin Mahood that included Stephen Curran, Ailbish Bruchet and Barbara Wang.