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Mountain Boy Minerals ( (TSE:MTB) ) just unveiled an announcement.
MTB Metals Corp. has secured a $500,000 non-revolving term loan from Cupel Advisory Corp. and Bernie Hensel to address outstanding obligations and general corporate needs. The loan agreement includes a one-year term with a 1.5% monthly interest rate, secured by a pledge of shares in Dolly Varden Silver Corporation. Additionally, the lenders received a 1% commitment fee and 3,000,000 common share purchase warrants, which could impact the company’s financial flexibility and stakeholder interests.
More about Mountain Boy Minerals
MTB Metals Corp. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is listed on multiple stock exchanges, including TSX Venture Exchange, OTCQB, and Frankfurt, indicating a broad market focus.
Average Trading Volume: 242,822
Technical Sentiment Signal: Hold
Current Market Cap: C$3.87M
See more insights into MTB stock on TipRanks’ Stock Analysis page.