Emperor terminates deal to acquire Golden Dawn deb
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Emperor terminates deal to acquire Golden Dawn debt
2021-12-22 17:56 ET - News Release
Mr. Alex Horsley reports
EMPEROR METALS TERMINATES AGREEMENT FOR THE ASSIGNMENT TO EMPEROR METALS OF DEBT OWED AND SECURITY INTERESTS
Further to Emperor Metals Inc.'s announcement on Dec. 1, 2021, whereby Emperor was to acquire all of the indebtedness payable by Golden Dawn Minerals Inc. (GDM) to RIVI for loan advances from RIVI to GDM, plus accrued interest and other charges, the company has mutually agreed with RIVI Opportunity Fund LP, and its general partner, RIVI Capital LLC (collectively, RIVI), to terminate the assignment agreement among them in order for RIVI to accept an offer from Golden Dawn to enter into a new restructuring agreement with Golden Dawn for its repayment of the GDM indebtedness.
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