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Total Metals to provide Loan to Kattegat Mining Inc.
Thenewswire· 2026-01-13 01:40
Core Viewpoint - Total Metals Corp. has entered into a definitive agreement to provide a loan of $3,500,000 to Kattegat Mining Inc. at an interest rate of 8%, secured by a general security agreement over Kattegat's assets [1][3]. Company Overview - Total Metals Corp. focuses on its 100% owned Electrolode Project, which spans over 3,300 hectares in northwestern Ontario, targeting critical minerals and gold resources [8]. - The Electrolode Project is strategically located near major mines and is fully permitted for exploration drilling, with significant expansion potential [8]. - Total Metals also owns the High Lake and West Hawk Lake Projects, covering 958 hectares along the Manitoba/Ontario border, with exploration potential in the Purex Zone [8]. Loan Agreement Details - The loan proceeds will be used exclusively to repay Kattegat's outstanding convertible debentures and other liabilities [3]. - The loan is secured by a general security agreement, granting Total Metals a first-ranking security interest over all of Kattegat's present and after-acquired assets [3][4]. - The completion of the loan is conditional upon the repayment of Kattegat's liabilities and the approval of the TSX Venture Exchange [6]. Company Background - Kattegat Mining Inc. is a private company incorporated in British Columbia, holding 100% ownership of the Shoal Lake Property located in northwestern Ontario [2][7].
X @The Block
The Block· 2025-12-10 03:31
RT Danny Kunwoong Park (@ParkKunwoong)KindlyMD(@KindlyMD, $NAKA), thru sub Nakamoto Holdings, entered a $210M USDT loan agreement with Kraken (@krakenfx)💰💰The proceeds will be used to repay outstanding loan from $250M facility from Antalpha in OctoberSimply put, KindlyMD is switching lenders:Antalpha➡️OUT, Kraken➡️INLooks like Kindly's 1st step into a deeper partnership with Kraken👀 ...
X @The Block
The Block· 2025-12-10 02:09
KindlyMD enters $210 million USDT loan agreement with Kraken https://t.co/YIgVOlgTZl ...
Novaturas Group Secures Additional EUR 1 Million Loan
Globenewswire· 2025-05-26 16:15
Core Insights - Novaturas Group has decided to expand its loan agreement with strategic investor Neset Kockar from Turkey, receiving an additional EUR 1 million loan and extending the maturity of an existing EUR 1 million loan [1][2] - The new loan agreement reflects a growing partnership between Novaturas and its investor, highlighting the benefits of this collaboration [3] Financial Details - The initial loan agreement was signed in March 2023, with a short-term loan of up to EUR 1 million, repayable by 30 June 2025, at an annual interest rate of 8.5% [2] - Following the amendments, the loan maturity has been extended to 30 June 2026, and the company will receive an additional EUR 1 million loan under the same terms [2] Company Overview - Novaturas Group is a tour operator with 25 years of experience, offering a wide range of travel destinations from the Baltic States [4] - In 2024, Novaturas recorded revenues of EUR 201 million and served 239,000 passengers across Lithuania, Latvia, and Estonia [4]