TAU Tintina Resources Inc.

Sandfire Resources America Announces Variation to Bridge Loan Agreement

Sandfire Resources America Announces Variation to Bridge Loan Agreement

WHITE SULPHUR SPRINGS, Mont., June 28, 2024 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. ("Sandfire America" or the "Company") announces that it has entered into a third variation agreement (the "Third Variation") to its bridge loan agreement, as amended (the “Bridge Loan”) with Sandfire BC Holdings (Australia) Pty Ltd. ("Sandfire BC"), the Company's largest shareholder, and Tintina Montana Inc., a wholly-owned subsidiary of the Company ("Tintina Montana").

Pursuant to the Third Variation, the amount available to be borrowed under the Third Variation, Variation and Bridge Loan will be increased from an aggregate of up to US$32.0 million to an aggregate of up to US$40.0 million through one or more advances, and the latest maturity will be extended from June 30, 2024 to June 30, 2025, subject to the terms of the Third Variation and the Bridge Loan.

All other terms and conditions of the Bridge Loan shall remain in full force and effect, except as amended by the Third Variation. No securities of the Company are issuable under the Agreement.

Contact Information:

Sandfire Resources America Inc.

Nancy Schlepp, VP of Communications

Mobile: 406-224-8180

Office: 406-547-3466

Email:

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute "forward looking information" within the meaning of Canadian securities legislation, including statements regarding the Agreement, the Company's financing options and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, and that the Company will be able to secure additional funding to execute its plans, However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including delays in obtaining or inability to obtain required government or other regulatory approvals or financing. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



EN
28/06/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Tintina Resources Inc.

 PRESS RELEASE

Sandfire Resources America Inc. Reports Additional High Grade Copper I...

Sandfire Resources America Inc. Reports Additional High Grade Copper Intersections at the Black Butte Copper Project WHITE SULPHUR SPRINGS, Mont., July 24, 2024 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to announce additional drill results of its 2024 exploration drilling program. This includes hole SC24-286 which intercepted 8.53 meters of 6.6% copper and hole SC24-288 which intercepted 13.19 meters of 12.8% copper, both in the Johnny Lee Lower Copper Zone.    The ongoing 2024 drill program focuses on upgrading and expanding th...

 PRESS RELEASE

Sandfire Resources America Announces Variation to Bridge Loan Agreemen...

Sandfire Resources America Announces Variation to Bridge Loan Agreement WHITE SULPHUR SPRINGS, Mont., June 28, 2024 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. ("Sandfire America" or the "Company") announces that it has entered into a third variation agreement (the "Third Variation") to its bridge loan agreement, as amended (the “Bridge Loan”) with Sandfire BC Holdings (Australia) Pty Ltd. ("Sandfire BC"), the Company's largest shareholder, and Tintina Montana Inc., a wholly-owned subsidiary of the Company ("Tintina Montana"). Pursuant to the Third Variation, the amount available...

 PRESS RELEASE

Sandfire Resources America Inc. Reports High Grade Copper Intersection...

Sandfire Resources America Inc. Reports High Grade Copper Intersections at the Black Butte Copper Project WHITE SULPHUR SPRINGS, Mt., April 29, 2024 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to announce initial drill results of its winter exploration drilling program. This includes hole SC24-279 which intercepted 5.37 meters of 10.2% copper and hole SC24-284 which intercepted 6.26 meters of 10.7% copper.    The ongoing 2024 drill program focuses on upgrading and expanding the Johnny Lee Lower Copper Zone resource which at last es...

 PRESS RELEASE

Sandfire Resources America Inc. Announces Win at the Montana Supreme C...

Sandfire Resources America Inc. Announces Win at the Montana Supreme Court with Complete Reinstatement of the Mine Operating Permit WHITE SULPHUR SPRINGS, Mont., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (“Sandfire America” or the “Company”) announces the positive ruling by the Montana Supreme Court which reversed a 2021 district court decision and instructed the District Judge to have the Montana Department of Environmental Quality (MT DEQ) to completely reinstate Tintina Montana Inc.’s Mine Operating Permit, of the Black Butte Copper Project. The Montana Supreme...

 PRESS RELEASE

Sandfire Resources America Announces Change of Directors

Sandfire Resources America Announces Change of Directors WHITE SULPHUR SPRINGS, Mont., July 31, 2023 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. ("Sandfire America" or the "Company") announces the appointment of Lincoln Greenidge, the current Chief Executive Officer of the Company, and Victoria Twiss, to the Board of Directors of the Company (the “Board”) in replacement of Matt Fitzgerald and Rob Scargill who have resigned as directors of the Company effective July 29, 2023. The Company also announces the appointment of Jason Grace as the Board Chair. Following the changes to the...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch