| Home : April 2011 : April 02, 2011 News : Nevada Sunrise Announces Amendment to Convertible Loan Agreement |
Nevada Sunrise Announces Amendment to Convertible Loan Agreement |
April 02, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2011) - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSX VENTURE:NEV) announces that, further to the convertible loan agreement (the "Loan Agreement") in the amount of USD$500,000 (the "Loan") announced March 23, 2010, the Company has executed an amendment (the "Amendment") to the Loan Agreement. Under the terms of the Amendment, the amount of USD$400,000 will be owed by the Company following repayment of USD$100,000 towards the principal and USD$50,000 as payment of all interest in full in respect of the Loan. The term of the Loan has been extended by 12 months to a total of 24 months, expiring March 25, 2012. The Loan may be pre-paid in advance by the Company without penalty. Upon prior notice to the Company, the Loan is convertible into units of the Company at a deemed price of $0.07 per unit, each unit consisting of one share and one-half of a wa
http://www.marketwire.com/mw/release.do?id=1421536&sourceType=3
|
|
|
 Other Stories |
|
|
|
|
|
|
|
|
|
|
|
