Seafield Resources Ltd. announced that it has received CAD 11.31 million in funding from RMB Australia Holdings Limited
On March 1, 2013, the company announced that it has made initial drawdown of CAD 3,300,000. The company issued 33,000,000 warrants in the transaction. The warrants will expire on March 1, 2016 and will represent 14.7% stake in the company.
On April 1, 2013, the company announced that it has made an additional drawdown of CAD 3,052,943.
On May 1, 2013, the company announced that it has made an additional drawdown of CAD 2,086,380.
On July 1, 2013, the company announced that it has made an additional drawdown of CAD 1,155,821.
On August 1, 2013, the company announced that it has made an additional drawdown of CAD 511,357.
On September 2, 2013, Seafield Resources Ltd. (TSXV:SFF) closed the transaction. The company announced that it has made an additional drawdown of CAD 1,200,764. So far, the company has received CAD 11,307,265 under the facility and paid costs of CAD 1,382,579.