Northern Vertex Mining executed a commitment letter and term sheet with Cat Financial, pursuant to which Cat Financial has agreed in principle to fund the company’s purchase of certain key equipment, including power generators and mobile equipment manufactured by Caterpillar and the crushing plant for use at the company’s Moss Mine gold silver project.
The material terms and conditions of the Cat Financial equipment finance facility include:
Closing of the equipment finance facility is subject to customary conditions for such financings including the execution of a master lease agreement and applicable security documentation, equipment delivery and satisfactory completion of conditions precedent.
Northern Vertex is an exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in Northwest Arizona.
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