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BMO Capital, Mandalay Resources Amend Credit Facility

July 03, 2013, 07:08 AM
Filed Under: Energy

Mandalay Resources Corporation announced an amendment to its secured revolving credit facility effective Jun. 28, 2013. The company's revolving credit facility, arranged by BMO Capital Markets, was originally entered into by the company on May 30, 2012, and was previously amended on May 30, 2013.

Under the amendment, Mandalay’s credit limit has been increased from $20 million to $30 million up to and including Jun. 30, 2014 and will reduce back down to $20 million thereafter. In addition, the maturity date of the facility has been extended to June 30, 2015.

Mandalay Resources is a Canadian-based natural resource company with producing and exploration assets in Australia and Chile.

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