subdued reaction..idea for mgmt., page-7

Best to dilute when they become producers.....IMO. Hope coal price recovers in 2016.

Funding – EIG
4
?The facility has an aggregate principal amount of up to US$350 million. Key terms include:
?Maturity: Eight years following the first draw down, amortisation weighted to the back end
?Security: First ranking security
?Interest: Interest rate of 8% per annum in cash plus 3% per annum which can be capitalised or paid in cash. The cash payments do not start until Coalspur is in production

http://www.coalspur.com/assets/release/2013/Coalspur-Corp-Presentation-Funding-Announcement.pdf