VANCOUVER, May 1, 2018 /CNW/ - Eco Oro Minerals Corp.
("Eco Oro" or the
"Company") (CSE: EOM) announces that further to its
news release dated April 20, 2018, it
has received the second and final advance of the secured term loan
(the "Loan") from Trexs Investments, LLC, an entity managed
by Tenor Capital Management Company, L.P. The amount of the
second advance is US$7,521,468.
The total principal amount of the Loan is US$15,190,000.
The Company expects to use the second advance to pay certain
accounts payable and for general corporate purposes, including
short-term working capital needs.
Please see the Company's new release dated April 20, 2018 for further information regarding
Eco Oro Minerals Corp. is a publicly-traded company and its
arbitration (the "Arbitration") against the Republic of
Colombia is its core focus.
This news release includes "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of applicable securities
legislation. All statements, other than statements of historical
fact, included herein are forward-looking statements that involve
known and unknown risks and uncertainties. Forward-looking
statements in this news release include, without limitation,
statements regarding the use of proceeds of the Loan and related
matters. Forward-looking statements are generally, but not always,
identified by the words "expects", "plans", "anticipates", "seeks",
"claims", "asserts", "in the event", "if", "believe", "assets",
"position", "intends", "envisages", "assumes", "recommends",
"estimates", "approximate", "projects", "potential", "indicate" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur.
Forward-looking statements are necessarily based upon the
current belief, opinions and expectations of management that, while
considered reasonable by the Company, are inherently subject to
significant litigation, business, economic, competitive, political
and social uncertainties, risks and other contingencies. Many
factors could cause the Company's actual results to differ
materially from those expressed or implied in the forward looking
statements. These factors include, among others, risks and
uncertainties related to the use of the proceeds of the Loan, the
Company's ability to complete any future financings, as well as
other risk factors set out under the heading "Risk Factors" in the
Company's Annual Information Form dated March 27, 2017, which is available on SEDAR at
www.sedar.com. Although management of the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements or forward-looking information, there may be other
factors that cause results not to be anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. The
Company does not undertake to update any forward-looking statements
or forward-looking information that are incorporated by reference
herein, except in accordance with applicable securities laws.
Investors are cautioned not to put undue reliance on
forward-looking statements due to the inherent uncertainty therein.
Forward-looking statements are based on assumptions that the
Company believes to be reasonable, including expectations regarding
the Company's use of the proceeds of the Loan, the Company's
ability to complete future financings and that there will be no
material adverse change regarding the Company or its business.
The Canadian Securities Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this news
SOURCE Eco Oro Minerals Corp.