Maudore Minerals Moves To Strengthen Hand In Windfall Lake Project

By Staff,

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Maudore Minerals Ltd. (MAO.V) announced the following: it has has made a formal non-binding proposal to Eagle Hill Exploration Corporation (EAG.V), 75% owner of the Windfall Lake Project, for a business combination between Maudore and Eagle Hill; it has entered into an agreement with Noront Resources Ltd. (NOT.V) to acquire its 25% interest in the Windfall Lake Project; and it has signed a term sheet for a $35 million debt financing with a private equity firm and has received commitments from other parties for $3.25 million in bridge debt financing.

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This article appears in: Investing Commodities
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