Ikkuma Resources signed a $45 million second lien senior secured term loan maturing 2022 with Alberta Investment Management Corp. (AIMCo) that bears interest at 7.25% p.a. Net proceeds from the term loan will be used to pay down outstanding debt, to strengthen Ikkuma’s liquidity and to provide securities funding so that it can continue to develop the Cardium oil play. Along with the loan, Ikkuma issued warrants that enable AIMCo to acquire up to......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.