Silver Bear Announces New Loan Agreement

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Feb 04, 2021
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Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR) announces that the Company’s wholly-owned subsidiary, Joint Stock Company Prognoz, entered into a loan agreement with SKA Assets, Moscow Branch for a loan in the amount of 750,000,000 rubles (equivalent to approximately C$12,000,000) (the “Principal”) with an interest rate of 8.27% per annum, which interest shall accrue on a monthly basis (the “SKA Asset Loan Agreement”). The Principal will be due and payable on 31 December 2021.