Sentinel Announces $200,000 Loan
Vancouver, British Columbia, August 26th, 2020 – Sentinel Resources Corp. (CSE: SNL)(US OTC PINK: SNLRF) (“Sentinel” or the “Company”) is pleased to announce that is has entered into a Loan Agreement (“the Loan”) with certain sophisticated investors (the “Lenders”), in the amount of $200,000.
Pursuant to the policies of the Canadian Securities Commission, under the terms of the Loan Agreement the, the Loan will bear interest at a rate of 10% per annum and be due and payable on August 25, 2021.
Additionally, as a bonus to the Lenders the Company will issue up to 245,614 common shares of the Company at a discount to market price of $0.285 per share.
The proceeds of the Loan will be used for general working capital purposes.
About Sentinel Resources
Sentinel Resources is a Canadian-based exploration company focused on the acquisition and exploration of gold and silver projects with world-class potential. Its current portfolio includes the Waterloo, Pass, and Little Bear projects in British Columbia. The Company’s guiding principles are based on acquiring strategic exploration properties in mining-friendly jurisdictions with historical mining industries, low-cost of entry or acquisition, and easy access to infrastructure to minimize capital and operational costs in explorational periods.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Greg Bronson, P.Geo, a director of the Company and a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Greg Bronson, P. Geo., a Qualified Person as defined by NI 43-101, has reviewed and approved the contents of this news release.
Sentinel Resources Corp.
“Rob Gamley”
President and Chief Executive Officer
Corporate Inquiries:
Rob Gamley, President & CEO Company Website: www.sentinelexp.com +1 604-689-7422 Direct (please leave a message)
Email: [email protected]
Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.