10:09 AM EST - Kerr Mines Inc. : Has received investment committee approval from and executed a term sheet with Sprott Private Resource Lending (Collector) LP, setting out the indicative terms upon which Sprott is prepared, subject to certain conditions including satisfactory due diligence, to provide up to $25 million U.S. of senior secured project financing to fund the development and production of gold at the Copperstone Mine. Kerr Mines Inc.
shares T.KER are trading unchanged at $0.14.
