Wishbone - Re: WSBN Stream Log - Note out this morning by...

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Re: WSBN Stream Log
11:18 06/06/2016
Simbrad
0 replies 0 0

Note out this morning by SP Angel (taken off Research Tree): Wishbone Gold the AIM listed metals trading and exploration company has agreed a two-year loan facility. The facility from Sanderson Capital partners is to support Wishbone’s gold trading facility. The facility carries an unusually low interest rate of 2%pa plus 0.5% on each trade of precious metals where the facility is utilised supporting a letter of credit or in direct trading. A much larger 10% commitment fee is payable in ordinary shares in Wishbone to Sanderson Capital partners better aligning Sanderson with shareholders

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