Empress Royalty Secures Us$15M Accordion Credit Facility With Nebari
12/22/21, 3:55 PM
Location
vancouverMoney raised
$15 million
Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress Royalty" or the "Company") is pleased to announce that it has executed an agreement with Nebari Natural Resources Credit Fund I LP ("Nebari") for a US$15M Accordion Credit Facility (the "Accordion Facility"). The Company's initial draw is a US$4.5M loan (the "Initial Loan") that is expected to be funded shortly. The Company may apply to Nebari to draw down additional loans as the Company identifies investments it wishes to fund under the Accordion Facility.The proceeds of the Initial Loan will be used to fund investments and for working capital purposes.
Company Info
Location
vancouver, washington, united states
Additional Info
Empress Royalty is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress Royalty to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress Royalty is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.