December 01, 2017 22:10 ET Primero Extends Revolving Credit Facility to December 15, 2017
(Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated.)
TORONTO, ON--(Marketwired - December 01, 2017) - Primero Mining Corp. ("Primero" or the "Company") (TSX: P) today announced that the Company has agreed with its lenders to an extension of its revolving credit facility ("RCF") and guarantee provided by Wheaton Precious Metals Corp., previously maturing on December 1, 2017. The maturity of the RCF has been extended to December 15, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.
About Primero
Primero Mining Corp. is a Canadian-based precious metals producer that owns 100% of the San Dimas gold-silver mine in Mexico.
Primero's website is www.primeromining.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains "forward-looking statements", within the meaning of applicable United States and Canadian securities legislation, concerning the business and operations of Primero Mining Corp. and its consolidated subsidiaries (collectively, "Primero" or the "Company"). All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include statements regarding the expected extension of the Company's revolving credit facility, the Company's ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine. The assumptions made by the Company in preparing the forward-looking information contained in this news release, which may prove to be incorrect, include, but are not limited to: the expectations and beliefs of management; the specific assumptions set forth above in this news release; that negotiations will continue regarding the Company's strategic review process, or that negotiations will result in any resolution acceptable to all Primero stakeholders.
