Pinetree is now in the big leagues.....

Caracara Silver completes $60,000 loan from Pinetree

2015-09-01 16:38 ET - News Release

See News Release (C-CSV) Caracara Silver Inc

Mr. Nick Tintor of Caracara reports

CARACARA SILVER INC. CLOSES FINANCING

Caracara Silver Inc. has completed a loan financing for gross proceeds of $60,000, for which the company has issued a promissory note with an interest rate of 12 per cent per year.

The principal and any accrued and unpaid interest owing will become due and be paid in full on the completion of any private placement completed by Caracara.

Pinetree Capital Inc., the holder of the note, is an insider of the company, as such term is defined in the Ontario Securities Act. The participation of such insider constitutes a related party transaction, as defined under Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions.

The insider's participation in the loan financing is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the loan was obtained on reasonable commercial terms that are not less advantageous to the company than if the loan was obtained from a person dealing at arm's length with the company, and the loan is not convertible into or repayable in equity or voting securities. A material change report in respect of the related party transaction was not filed at least 21 days in advance of the closing of financing due to the company's need to address a short-term working capital deficiency.

We seek Safe Harbor.