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Continental Gold secures US$175mn for Colombia project

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NYBob Member Level  Saturday, 03/16/19 11:46:32 AM
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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

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Continental Gold's operations attacked again in Colombia


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.

Note. Market Cap: $545,607,028 -


Compare vs. to:

Gran Colombia Produced 218,001 Ounces of Gold in 2018 - Mike Davies
Cambridge House International Inc.
Published on Jan 27, 2019

Mike Davies is the CFO for Gran Colombia Gold (TSX:GCM).
Gran Colombia is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently
the largest underground gold and silver producer with
several mines in operation at its
Segovia and Marmato Operations.
Gran Colombia is continuing to focus on exploration, expansion and
modernization activities at its high-grade Segovia Operations.


Note. Market Cap: $175,994,988 -

You Should Be Buying "As Much Gold As You Can" - Frank Holmes
Mar 15, 2019
Guest(s): Frank Holmes CEO, U.S. Global Investors




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