Patagonia Gold Corp (HGLD)

[NYBob]

Patagonia Gold Announces Increase to Loan Facility
V.PGDC / $HGLD
VANCOUVER, British Columbia, April 14, 2023 (GLOBE NEWSWIRE) --

Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces it has
entered into an agreement with Cantomi Uruguay S.A. (“Cantomi”) to increase the
maximum aggregate amount of the Cantomi Loan (as defined below).
The original loan facility, which Cantomi provided in February 2019 for US$15 million was
subsequently amended and increased to US$20 million with a maturity date of December
31, 2024 (as amended, the “Cantomi Loan”).
The agreement amending the Cantomi Loan provides that the maximum aggregate amount
of the Cantomi Loan is increased to US$33 million.
The funds from the increased Cantomi Loan will be used to refinance existing lines of credit
to reduce interest costs and for general working capital purposes. Other than the
amendment to increase the maximum amount of the Cantomi Loan, all other terms of the
Cantomi Loan remain unchanged.

About Patagonia Gold

Patagonia Gold Corp. is a South America focused, publicly traded mining company listed on
the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of
gold and silver projects in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and the
development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights
to over 430 properties in several provinces of Argentina and Chile and is one of the largest
landholders in the province of Santa Cruz, Argentina.


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https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf

https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022

https://www.patagoniagold.com

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