You can see this breakdown of the lines of credit in the Q1 2013 financials.
As far as I could see they started in 2013 with $30MM lines of credit. See below from Q1 2013 page 13.
13. BANK LOANS
Current Non-current Total
$ $ $
Balance at December 31, 2012 - - -
Withdrawals 18,750 11,250 30,000
Balance at March 31, 2013 18,750 11,250 30,000
In February 2013, the Company announced the arrangement of two credit facilities. The credit facilities for $30 million were
completed with two commercial banks in the Congo, Rawbank and Ecobank, each for $15 million, and at rates of 9% and 8.5%
interest, respectively.
The Rawbank facility (including accrued interest) is repayable in six equal monthly installments, starting in October of 2013 while the Ecobank facility is repayable on a quarterly basis from March 31, 2014. The Company
has accrued interest on the credit facilities of $226 (December 31, 2012 - $nil) under accrued liabilities in its consolidated
statement of financial position.
