Vancouver, British Columbia, August 26th, 2020 – Sentinel Resources Corp. (CSE: SNL)(US OTC PINK: SNLRF) (“Sentinel” or the “Company”) is pleased to announce that it has entered into a Loan Agreement (“the Loan”) with certain investors (the “Lenders”), in the amount of $200,000.
Pursuant to the policies of the Canadian Securities Commission, under the terms of the Loan Agreement, the Loan will bear interest at a rate of 10% per annum and be due and payable on August 25, 2021.
Additionally, as a bonus to the Lenders the Company will issue up to 245,614 common shares of the Company at a discount to market price of $0.285 per share. The proceeds of the Loan will be used for general working capital purposes.
About Sentinel Resources
Sentinel Resources is a Canadian-based exploration company focused on the acquisition and exploration of gold and silver projects with world-class potential. Its current portfolio includes the Pass and Little Bear projects in British Columbia.
Sentinel Resources Corp.
President and Chief Executive Officer
Rob Gamley, President & CEO
Company Website: www.sentinelexp.com
+1 604-689-7422 Direct (please leave a message)
Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.