Tuktu Resources Ltd. Announces $1.2 Million Interest Free Senior Secured Loan
Tuktu Resources Ltd. Announces $1.2 Million Interest Free Senior Secured Loan
Calgary, Alberta--(Newsfile Corp. - May 13, 2024) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") announces that it has agreed to a $1.2 million loan evidenced by an interest free, senior secured promissory note (the "Promissory Note"), from an arm's length third party. The loan proceeds will be used to fund a deposit (the "Deposit") with the Alberta Energy Regulator ("AER"), required as a condition of the licence transfers for certain asset acquisition transactions announced on March 21, 2023 ("Acquisition 2") and October 18, 2023 ("Acquisition 3"). Once the AER Deposit is posted, it is expected that the final closing of Acquisition 3 will occur shortly thereafter (Acquisition 2 has already closed). The Deposit amount will be held by the AER in an interest-bearing trust account and may be returned to the Company in the future once applicable regulatory requirements have been met.
艾伯塔省卡尔加里--（Newsfile Corp.，2024年5月13日）——Tuktu Resources Ltd.（多伦多证券交易所股票代码：TUK）（“TUKTU” 或 “公司”）宣布，它已同意向独立第三方提供120万加元的贷款，该贷款以免息优先有担保本票（“本票”）为证。贷款收益将用于向艾伯塔省能源监管机构（“AER”）存款（“存款”）提供资金，这是2023年3月21日（“收购2”）和2023年10月18日（“收购3”）宣布的某些资产收购交易的许可证转让的条件。AER存款公布后，预计收购3的最终结束将在不久之后完成（收购2已经结束）。存款金额将由AER存放在计息信托账户中，一旦适用的监管要求得到满足，将来可能会退还给公司。
The key terms of the Promissory Note are summarized below:
本票的关键条款总结如下：
The Promissory Note is in the amount of $1,234,833.60;
The Promissory Note is interest free;
Monthly principal payments are required beginning on July 25, 2024 which are calculated as a percentage of the Company's production times the realized commodity price;
The maturity date of the promissory note is June 1, 2027; and
The Promissory note is senior secured over the Company's assets.
本票金额为1,234,833.60美元；
本票免息；
从2024年7月25日起，需要每月支付本金，本金按公司生产时间占已实现大宗商品价格的百分比计算；
期票的到期日为2027年6月1日；以及
本票以公司资产的优先担保。
译文内容由第三方软件翻译。