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BRIEF-Royalty North announces increase to private placement financing and closing of first tranche
May 5, 2017 / 9:47 PM / 3 months ago

BRIEF-Royalty North announces increase to private placement financing and closing of first tranche

May 5 (Reuters) - Royalty North Partners Ltd

* Royalty North announces increase to private placement financing and closing of first tranche, closing of transaction with Sunsystem Technology and entering into credit agreement

* Increased its non-brokered private placement financing of units at a price of $0.17 per unit to up to $3.7 million

* Royalty North Partners -Entered into credit agreement with Canadian Imperial Bank of commerce for credit facility initially in amount of $5 million

* Royalty North Partners Ltd - Proceeds of loan will be used for working capital, capital expenditure and to replace existing debt Source text for Eikon: Further company coverage:

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