Fernhill Corporation Secures Financing
May 23 2013 - 10:15AM
Marketwired
Fernhill Corporation (PINKSHEETS: FERN) "Fernhill Corporation
Secures Financing."
Fernhill Corporation Inc. (the "Company") today announced that
the Company has negotiated financial terms and conditions to secure
a line of credit in the form of convertible debt from an investment
group. The convertible note will have the option after one year, to
exercise 'conversion rights' if the loaned amount is not paid on or
before July 22, 2014. The company will receive the monies no later
than 60 days. The company's intent for securing non dilutive
financing is essential to shareholder value and will enable
property payments and work procedures to occur as planned.
The company's recent LOI agreement the "Silver Bell Mine
Property" is located on the south shore of Horne Lake,
approximately 15 kilometers northeast of Port Alberni, British
Columbia.
Forward Looking Statements and Safe Harbor Statement:
This news release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events. In some cases, you can identify forward-looking statements
by terminology such as "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggested herein.
Contact: Fernhill Corporation www.fernhillcorp.com Email
Contact
Fernhill (PK) (USOTC:FERN)
Historical Stock Chart
From Apr 2024 to May 2024
Fernhill (PK) (USOTC:FERN)
Historical Stock Chart
From May 2023 to May 2024