Highlights:
Following a competitive process previously announced, we have retained Sprott Lending Corp (“Sprott”) has our debt provider
Sprott received investment committee approval for up to US$105 million project financing debt facility, with the option to increase it to up to US$130 million
Debt margin of 6.5% per annum with an additional interest rate formula based on gold price
No hedging or royalties
Anticipated first drawdown on the debt facility in Q1 2025 to meet our expected Q4 2025 first pour
QUEBEC CITY, Jan. 29, 2025. see & read more on
https://www.globenewswire.com/news-release/2025/01/29/3017569/0/en/Robex-Announces-Sprott-Lending-as-Debt-Provider-for-Kiniero-Gold-Project.html |