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The first All of us$20 million of one’s Gold Mortgage will be repaid inside the 16 equivalent quarterly installment payments, to the very first cost taking place one year regarding the Issuance Go out after which quarterly afterwards. A final United states$5 million commission will be owed and you may payable at the end of the sixty-month label. The new Debentures will be cost inside the gold oz at the a good 15% discount for the spot price of silver from the closure date. The fresh Debenture manager can get the authority to discovered percentage inside the possibly bucks and/or equivalent amount of understated silver. As well as the dismiss, the brand new Debentures have a tendency to bear focus at the 8% yearly payable quarterly inside the cash.
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