Starcore Arranges $3 Million Bond Offering
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Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Telephone: (604) 602-4935 e-mail. [email protected] website: www.starcore.com
June 12, 2018 TSX: SAM
Starcore Arranges $3 Million Bond Offering
Vancouver, British Columbia –Starcore International Mines Ltd. (TSX:SAM) (“Starcore” or the “Company”)
has arranged a private placement of secured bonds in the aggregate principal amount of CDN$3 million (the
“Bonds”). The Bonds will bear interest at 8% per annum, payable on maturity, and will mature 24 months
from the date of closing. There are also provisions for early repayment. The Bonds are secured by a charge
on all of the Company’s assets.
Subject to acceptance by the Toronto Stock Exchange, bond holders will be granted warrants on a ratio of 1
warrant for every dollar subscribed for, each warrant entitling the bond holder to acquire one share of
Starcore at a price of $0.20 for a period of three years from the date of closing.
The proceeds from the sale of the Bonds will be added to general working capital.
The Bonds will be sold pursuant to exemptions from the prospectus requirement of Canadian securities
legislation and are subject to a statutory four month hold period. The Bonds are not and will not be listed
on any market or exch ange. The Bonds have not been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States unless registered under the Act or unless an
exemption from registration is available.
About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. This base
of producing assets is complemented by exploration and development projects throughout North America. The
company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long
term shareholder value. You can find more information on the investor friendly website here: www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Signed “Robert Eadie”
Robert Eadie, President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
EVAN EADIE
Investor Relations
Telephone: (604) 602-4935 ext. 230
Toll Free: 1-866-602-4935
Email: [email protected]
The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.