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| Home : Funding to move to feasibility and discharge RMB debt obligations |
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Oct 27
2016 |
Funding to move to feasibility and discharge RMB debt obligations |
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VANCOUVER, BC--(Marketwired - October 26, 2016) - Black Dragon Gold Corp. (TSX VENTURE: BDG) ('Black Dragon' or the 'Company') is pleased to announce that it is in the process of raising funds (in conjunction with Lionsbridge) to ensure that the Company is fully financed, including a significant contingency, through to project financing (the 'Overall Funding Package'). The Overall Funding Package proceeds are intended to be used to give effect to the proposed repayment option with RMB Australia Holding Limited (as announced July 12, 2016), to complete the feasibility, to progress the Salave project, to finalise permitting of the Salave project, to progress engineering for the development of the Salave project and for general working capital purposes. |
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| Source:http://www.marketwired.com/mw/release.do?id=2169915&sourceType=3 |
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