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Home : Repayment of RMB Secured Debt Facility
Jul 07
2017

Repayment of RMB Secured Debt Facility

VANCOUVER, BC--(Marketwired - July 06, 2017) - Black Dragon Gold Corp. (TSX VENTURE: BDG) ("Black Dragon" or the "Company") is pleased to announce that it has repaid its secured debt facility with RMB Australia Holdings Limited ("RMB") for aggregate cash consideration of US$3,461,579.00 (US$3 million plus accrued interest) and has granted to RMB a Net Smelter Royalty of 2% on the first 800,000 ounces of Salave gold production as previously announced in the Company's press releases dated November 15, 2016 and December 16, 2016. The proceeds utilized to repay the facility were raised pursuant to the Company's recently closed $8.5 million non-brokered private placement, closed on June 30, 2017.
Source:http://www.marketwired.com/mw/release.do?id=2225174&sourceType=3
 
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