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Rangeford Resources, Inc. announces the increase and extension of its Revolving Credit Note from Cicerone Corporate Development, LLC from $750,000 to $1,250,000. In the Second Amendment of the Revolving Credit Note also extended the maturity date February 1, 2017.
Thomas E. Lindholm, Chief Executive Officer, stated, "We are pleased to successfully conclude the negotiations on the increase and extension of our credit facilities with Cicerone. The Revolving Note increase allows management to execute its strategic plan to take advantage of opportunities available in the market."
Harry McMillan, Cicerone's Managing Member on Behalf of the CE McMillan Family Trust, stated, "We have watched our investment since 2013 and we are excited about the appointment of Thomas Lindholm as CEO. Mr. Lindholm's vision and strategic plan are well thought out and give us confidence to increase our funding commitment to Rangeford now."
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