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The first You$20 million of the Gold Mortgage will be paid back in the 16 equivalent every quarter installment payments, to the very first fees taking place one year regarding the Issuance Day then quarterly after that. A final You$5 million commission will be owed and you will payable at the end of the sixty-few days identity. The fresh Debentures will be cost in the gold oz during the a 15% write off to the location cost of silver in the closure go out. The fresh Debenture owner will get the legal right to discovered percentage inside both dollars or perhaps the same amount of refined silver. And the dismiss, the brand new Debentures usually bear focus at the 8% per year payable every quarter within the bucks.
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