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Vendetta Mining Corp.: Vendetta Announces Extending of Loan to Dec 2022


Vendetta Mining Corp.: Vendetta Announces Extending of Loan to Dec 2022
Vancouver, British Columbia (Newsfile Corp. - April 27, 2021) - Vendetta Mining Corp. (TSXV: VTT) ( Vendetta or the Company ) is pleased to announce that it has extended the maturity of the Company s loan with Nebari Natural Resources Credit Fund I LP ( Nebari ) to December 31, 2022.
The adjusted material terms of the financing as set forth in the term sheet, include the following:
Repayment of the current principal amount of US$1,957,794 extended to December 31, 2022.
Principal repayment holiday until December 31, 2021, when quarterly principal repayments of US$200,000 commence.
Quarterly interest payments calculated at 9.5% plus 3-month LIBOR, with a floor of 2.5%. ....

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Vendetta Mining Corp advancing Pegmont project in Queensland, at the heart of the world's most important lead-zinc belt


Resource estimate lifted three times to date with more potential to come
Robust PEA in 2019
What Vendetta Mining Corp does:
Vendetta Mining Corp (CVE:VTT) (OTCMKTS:VDTAF) is a Canadian junior explorer, focused mainly on lead and zinc.
The company bought the Pegmont lead, zinc project in 2019, which is strategically located in the Mount Isa - McArthur mineral province, the heart of the world’s most important lead-zinc belt in Queensland, Australia.
Pegmont is a high-grade, largely open pit resource, which has excellent infrastructure. It also boasts an indicated resource estimate of 5.8 million tonnes at 6.5% lead, 2.6% zinc and 11 grams per ton (g/t) silver. The inferred category hosts 8.2 million tonnes at 5.1% lead, 2.8% zinc and 8 g/t silver. ....

Mount Isa , Alastair Brownlow , Jasmine Lau , Michael Williams , Queensland Government Collaborative Exploration Initiative , Vendetta Mining Corp , Collaborative Exploration Initiative , Mining Corp , Pegmont Lead Zinc , Queensland Government , Pegmont Deeps Zinc , Red Fern , Pegmont Deeps , ஏற்ற ஐசா , அலெஸ்டர் பிரவுன்லோ , மல்லிகை லாவ் , மைக்கேல் வில்லியம்ஸ் , குயின்ஸ்லாந்து அரசு கூட்டு ஆய்வு முயற்சி , வெண்டெட்டா சுரங்க கார்ப் , கூட்டு ஆய்வு முயற்சி , சுரங்க கார்ப் , குயின்ஸ்லாந்து அரசு , சிவப்பு ஃபெர்ன் ,