TORONTO, May 01, 2018 (GLOBE NEWSWIRE) — Primero Mining Corp. (“Primero” or the “Company”) (TSX:P) today announced that the Company has agreed to an extension of its revolving credit facility (“RCF”) and the related guarantee provided by Wheaton Precious Metals Corp., both previously maturing on April 30, 2018, to the earlier of (i) May 15, 2018, (ii) the closing of the business combination with First Majestic Silver Corp. announced on January 12, 2018, and (iii) the seventh business day following termination of the proposed business combination.
revolving credit
Primero Extends Revolving Credit Facility to January 11, 2018
PR29-17_RCF_Extension_4_Final-a4abb4f5db33aaed8c8425a0e3a3605e
TORONTO, ON — (Marketwired) — 12/22/17 — Primero Mining Corp. (“Primero” or the “Company”) (TSX: P) today announced that the Company has agreed with its lenders to an extension of its revolving credit facility (“RCF”) and guarantee provided by Wheaton Precious Metals Corp., previously maturing on December 22, 2017. The maturity of the RCF has been extended to January 11, 2018, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.