Northern Vertex $NEE Secures Huge Leasing Deal For CAT Equipment

Northern Vertex(TSX.V:NEE)

Northern Vertex Mining Corp. is pleased to announce, through its wholly owned subsidiary Golden Vertex Corp., that it has executed a definitive Master Lease Agreement for up to US$9 million with Caterpillar Financial Services Corporation to fund the Company’s purchase of certain key pieces of Cat® equipment, including power generators and mobile equipment and the crushing plant for use at the Company’s Moss Mine gold silver project, located in NW Arizona, USA. In addition, the Company has drawn the first $5,757,503 of the MLA to fund the crushing plant.

The terms of the equipment finance facility are substantially the same as previously disclosed in the news release dated May 2, 2017.  The term of the Equipment Finance Facility will be 4 years from delivery and will be secured by the equipment purchased.  Title of the leased equipment will transfer to the Company for nominal consideration at the end of the lease period.