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Thursday, July 19, 2018 2:12:50 AM
Kerr will sell Pandion 95,000 oz. gold at spot price less a discount within 40 months. It says it will not deliver Pandion any gold during the deal’s first 22 months.
Pandion will finance Kerr in two tranches. The US$19.6 million first trance will close in August; the US$8 million second tranche will close July 2019.
Copperstone produced nearly half a million oz. gold between 1987 and 1993. The open pit mine still has lots of infrastructure, including a power line and substation, three water wells, offices and a tailings facility, processing facility and mill. It is fully permitted. ... »
http://www.northernminer.com/fast-news/fast-news-kerr-funds-copperstone-gold-mine-revival-with-us27-6m-financing/1003797750/
https://kerrmines.com/KERR/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision.pdf
https://mailchi.mp/26d9eac33c1a/kerr-mines-announces-us276-million-project-financing-and-makes-positive-production-decision
https://kerrmines.com/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision/
Read more at http://www.stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=28336320#dVTmHgA4ic6P347W.99
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