Marlin Gold Closes Previously Announced Credit Facility, Withdraws Previously Announced Public Offering And Approves Additional Private Placement Of Common Shares
Marlin Gold Mining Ltd. announces that it has closed its previously announced credit facility with Sprott Resource Lending Partnership for $10,000,000. The Loan will bear interest at a rate of 10% per annum, and will be secured against all of the assets of Marlin and the majority of the assets of its subsidiaries. However, the conditions of the Loan allow for the shares of Sailfish Royalty Corporation (a wholly-owned subsidiary of Marlin) to be distributed by Marlin to its shareholders on a pro-rata basis. The Loan will be payable in full on or before October 31, 2015, subject to certain prepayment rights in favour of Marlin. Medalist Capital Ltd. was paid a finder’s fee of 2% in connection with the Loan.









