TRANSACTIONS

Selected financing solutions

Claude Resources Inc.

Claude Resources Inc.

Who: Claude Resources Inc.
Amount: $25.0 Million
Type of Transaction: Growth Financing
Date: April 2013

Case Study

Undervalued gold producer avoids ownership dilution

Subordinated term loan allows this top-performer to expand and refinance, without resorting to expensive equity dilution.

  • Focused on its Seabee Gold Project located in Northern Saskatchewan
  • Listed on the TSX

Situation Overview

  • Trading significantly below its net asset value
  • Sensitive to ownership dilution
  • Needed capital for expansion of the Seabee Gold Project, refinancing and general corporate purposes

Solution

  • $25 MM, 60 month subordinated term loan issued in April 2013
  • 10% interest rate
  • Crown was issued share purchase warrants
  • Claude is currently one of the top performing junior gold producers