Capstone Mining Announces Amendments to Corporate Credit Facility

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Vancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) has amended its Senior Secured Corporate Revolving Credit Facility (“RCF”) to provide for an extension to April 19, 2021 and a reduction in the credit available under the facility. The amendment:  Extends the maturity of the Third Amended and Restated Credit Agreement from January 16, 2019 to April 19, 2021;  Reduces the credit limit to $350 million on April 19, 2017 and requires an annual $25 million reduction on each anniversary of the facility to $275 million on April 19, 2020;  Maintains the current pricing grid (starting at LIBOR + 2.5% and adjustable to LIBOR + 3.5% depending on the total leverage ratio) until March 31, 2019, after which date pricing increases to LIBOR + 3.0% (adjustable to LIBOR + 4.5% depending on the total leverage ratio); and  Cancels the accordion feature of $60 million.

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