OT. Continental Gold secures US$175mn for Colombia project
By Press Release
Friday, March 15, 2019
Continental Gold secures US$175mn for Colombia project
Source:Continental Gold
Related News
Junior exploration roundup: Continental, Regulus, Coro Mining, Mirasol
Continental Gold's operations attacked again in Colombia
PRESS RELEASE
Toronto, Ontario, March 15, 2019 Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has obtained a US$175 million financing package (collectively, the "Financing Package") consisting of (i) US$75 million of unsecured convertible debentures ("the Debentures") being issued to certain investors, including a US$50 million Debenture from Newmont Mining Corporation ("Newmont"), and (ii) a US$100 million gold and silver stream (the "Stream") from Triple Flag Mining Finance Bermuda Ltd. ("Triple Flag"). Proceeds from the Financing Package will be used for general and working capital purposes and toward construction, commissioning and start-up of the Company's Buriticá Project located in Antioquia, Colombia. The Company has also agreed with RK Mine Finance to make certain amendments to its existing credit agreement in respect of the security documents in connection with the Stream.
https://www.bnamericas.com/en/news/miningandmetals/continental-gold-secures-us175mn-for-colombia-project/
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
By Press Release
Friday, March 15, 2019
Continental Gold secures US$175mn for Colombia project
Source:Continental Gold
Related News
Junior exploration roundup: Continental, Regulus, Coro Mining, Mirasol
Continental Gold's operations attacked again in Colombia
PRESS RELEASE
Toronto, Ontario, March 15, 2019 Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has obtained a US$175 million financing package (collectively, the "Financing Package") consisting of (i) US$75 million of unsecured convertible debentures ("the Debentures") being issued to certain investors, including a US$50 million Debenture from Newmont Mining Corporation ("Newmont"), and (ii) a US$100 million gold and silver stream (the "Stream") from Triple Flag Mining Finance Bermuda Ltd. ("Triple Flag"). Proceeds from the Financing Package will be used for general and working capital purposes and toward construction, commissioning and start-up of the Company's Buriticá Project located in Antioquia, Colombia. The Company has also agreed with RK Mine Finance to make certain amendments to its existing credit agreement in respect of the security documents in connection with the Stream.
https://www.bnamericas.com/en/news/miningandmetals/continental-gold-secures-us175mn-for-colombia-project/
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
My opinions are my own and and DD I post should be confirmed as unbiased
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