{"id":2928,"date":"2017-12-22T21:25:00","date_gmt":"2017-12-22T21:25:00","guid":{"rendered":"https:\/\/www.arianne-inc.com\/?post_type=news&#038;p=2251"},"modified":"2022-04-01T21:28:39","modified_gmt":"2022-04-01T21:28:39","slug":"arianne-closes-on-its-previously-announced-amended-credit-facility","status":"publish","type":"post","link":"https:\/\/itremma.com\/arianne\/arianne-closes-on-its-previously-announced-amended-credit-facility\/","title":{"rendered":"ARIANNE CLOSES ON ITS PREVIOUSLY ANNOUNCED AMENDED CREDIT FACILITY"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>SAGUENAY, QUEBEC &#8211; (December 22, 2017) &#8211; Arianne Phosphate (the \u201cCompany\u201d or \u201cArianne\u201d) (TSX VENTURE: DAN; OTC: DRRSF; FRANKFURT: JE9N)<\/strong>, a development-stage phosphate mining company, advancing the Lac \u00e0 Paul phosphate rock project in Quebec\u2019s Saguenay-Lac-Saint-Jean region, has closed on its previously announced (see Press Release dated December 8, 2017) amended and extended secured credit facility. The credit facility is in the amount of $19,472,638. Maturity of the facility will be January 15, 2019 and amends the present facility that was set to mature December 31, 2017.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The secured credit facility will bear interest at an annual rate equal to 15%, with all interest capitalized through the end of the facility. Additionally, the Company has issued the lender 17,181,739 non-transferable warrants which an exercise price of $0.68\/share. The warrants are exercisable through January 15, 2019. As well, the parties have agreed to cancel 3,724,000 non-transferable warrants that were originally issued to the lenders in October 2015 (see Press Release dated October 22, 2015). Arianne will pay the lender a commitment fee equal to 3% payable at maturity of the loan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All securities issued in connection with the transaction are subject to a mandatory hold period of four (4) months ending on April 22, 2018. The transaction is subject to the final approval of the TSX Venture Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAGUENAY, QUEBEC &#8211; (December 22, 2017) &#8211; Arianne Phosphate (the \u201cCompany\u201d or \u201cArianne\u201d) (TSX VENTURE: DAN; OTC: DRRSF; FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac \u00e0 Paul phosphate rock project in Quebec\u2019s Saguenay-Lac-Saint-Jean region, has closed on its previously announced (see Press Release dated December 8, 2017) amended and extended secured credit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[],"tags":[],"class_list":["post-2928","post","type-post","status-publish","format-standard","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts\/2928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/comments?post=2928"}],"version-history":[{"count":0,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts\/2928\/revisions"}],"wp:attachment":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/media?parent=2928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/categories?post=2928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/tags?post=2928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}