FRIEDENS, Pa., Dec. 22, 2020 /CNW/ - Corsa Coal Corp. (TSXV:
CSO) (OTCQX: CRSXF) ("Corsa" or the "Company") today reported that
the previously announced $25 million
five-year secured term loan (the "Term Loan") between
certain of its subsidiaries, as borrowers, and KeyBank National
Association, as lender, under the Main Street Lending Program
established by the board of governors of the U.S. Federal Reserve
System, has closed and has been funded.
For further details regarding the Term Loan, including its terms
and conditions and the Company's anticipated use of proceeds,
please see the Company's December 21,
2020 press release.
Information about Corsa
Corsa is a coal mining company focused on the production and
sales of metallurgical coal, an essential ingredient in the
production of steel. Our core business is producing and selling
metallurgical coal to domestic and international steel and coke
producers in the Atlantic and Pacific basin markets.
Forward-Looking Statements
Certain information set forth in this press release contains
"forward-looking statements" and "forward-looking information"
under applicable securities laws (collectively, "forward looking
statements"). Except for statements of historical fact, all other
statements in this press release constitute forward-looking
statements which include management's assessment of future plans
and operations and are based on current internal expectations,
estimates, projections, assumptions and beliefs, which may prove to
be incorrect. Some of the forward-looking statements may be
identified by words such as "estimates", "expects" "anticipates",
"believes", "projects", "plans", "capacity", "hope", "forecast",
"anticipate", "could" and similar expressions. These statements are
not guarantees of future performance and undue reliance should not
be placed on them. Such forward-looking statements necessarily
involve known and unknown risks and uncertainties, which may cause
Corsa's actual performance and financial results in future periods
to differ materially from any projections of future performance or
results expressed or implied by such forward-looking statements.
These risks and uncertainties include, but are not limited to: the
anticipated usage and benefits of the Term Loan and management's
ability to anticipate and manage the foregoing. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The reader is
cautioned not to place undue reliance on forward-looking
statements. Corsa does not undertake to update any of the
forward-looking statements contained in this press release unless
required by law.
The TSX Venture Exchange has in no way passed on the
merits of this news release. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Corsa Coal Corp.