Toronto-based United Coin Mines (TSE) recently borrowed $3.2 million from investment banker DCC Equities for a term of one year. The loan bears interest at prime plus 2%. Incidental to the loan, DCC received share purchase warrants enabling it to purchase 3.1 million United Coin common shares at 60 per share for 18 months. DCC will also be provided with a nominee to the United Coin board.
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