Golden Band Resources Inc. announced that its senior secured lender, Procon Resources Inc. has made demand upon the company for payment by April 18, 2016 of all amounts due and owing by the company under the credit agreement originally between the company and Waterton Global Value, L.P. dated August 3, 2012 which, as of the date hereof, are approximately $19.6 million, exclusive of professional fees and costs. In addition, the company has received a Notice of Intention to Enforce Security under section 244 of the Bankruptcy and Insolvency Act (Canada) from the Lender.
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