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| Home : Lundin Gold Announces US$400 - $450 Million Project Financing Package for Fruta Del Norte |
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May 31
2017 |
Lundin Gold Announces US$400 - $450 Million Project Financing Package for Fruta Del Norte |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2017) - Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX:LUG)(OMX:LUG) is pleased to announce a project finance package of $400 to $450 million (the "Financing") with the Orion Mine Finance Group ("Orion") and Blackstone Tactical Opportunities ("Blackstone"). The Financing provides the foundation for the development of the Company's Fruta del Norte project and shows the growing support for mining investment in Ecuador. The Financing is comprised of a gold prepay credit facility for $150 million, a stream loan credit facility of $150 million and committed participation of $100 to $150 million to future equity financings required to fund the project. All dollar amounts are quoted in U.S. dollars ("$"). |
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| Source:http://www.marketwired.com/mw/release.do?id=2219008&sourceType=3 |
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