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The initial United states$20 million of one’s Gold Financing will be paid back within the 16 equal every quarter installment payments, to the first payment happening 12 months on the Issuance Date and then quarterly after that. A last United states$5 million fee might possibly be owed and you will payable in the bottom of one’s sixty-week term. The newest Debentures will be cost within the silver ounces during the a great 15% dismiss to the spot cost of silver at the closure day. The brand new Debenture manager will get the legal right to discovered payment in the possibly cash and/or same amount of understated gold. Along with the write off, the fresh Debentures often incur interest at the 8% per annum payable quarterly within the cash.