Cortez Gold Corp.: Debt Facility Under Negotiation
Cortez Gold Corp. reports that it is negotiating a debt facility for Cdn$2 million with various European financiers. The Company hopes to finalize the Loan with a 24-month term, with no payments required until after the 18th month following the effective date of disbursement of the Loan funds. After the 18th month, a payment of interest only will be due and payable (covering interest for the 18 months that the Loan will have been outstanding), and interest payments shall continue thereafter on a monthly basis until the end of the term. At the end of the term, the principal amount plus any outstanding interest will be due and payable.









