July 31, 2017 / 1:12 PM / 4 months ago

BRIEF-Maverix Metals announces signing of $20 mln credit agreement

July 31 (Reuters) - Maverix Metals Inc:

* Maverix Metals announces signing of US$20,000,000 credit agreement and exercise of participation rights by Pan American Silver

* Maverix Metals announces signing of US$20,000,000 credit agreement and exercise of participation rights by Pan American Silver

* Maverix Metals Inc - subscribe for 5 million common shares of Maverix on non-brokered private placement basis for gross proceeds to maverix of C$6.75 million

* Maverix Metals Inc - CEF agreed to provide maverix with a US$20 million senior secured term loan facility

* Maverix Metals Inc - upon closing of financings, Pan American Silver will own about 36% of total issued and outstanding common shares of company

* Maverix Metals Inc - Pan American Silver will exercise its anti-dilution rights in connection with CEF private placement

* Maverix Metals Inc - Maverix intends to use proceeds from debt and equity financings to acquire additional precious metals royalties and streams

* Maverix Metals - Pan American Silver to subscribe for 2.3 million common shares on non-brokered private placement basis at price of C$1.35 per common share

* Maverix Metals Inc - Maverix intends to use proceeds from debt and equity financings to acquire additional precious metals royalties and streams Source text for Eikon: Further company coverage:

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