Edition:
India

Teranga Gold Receives Commitment Letter For $165 Mln In Secured Debt Financing To Bring Its Second Gold Mine Into Production


Monday, 12 Mar 2018 

March 12 (Reuters) - Teranga Gold Corp ::TERANGA GOLD RECEIVES COMMITMENT LETTER FOR $165 MILLION IN SECURED DEBT FINANCING TO BRING ITS SECOND GOLD MINE INTO PRODUCTION.TERANGA GOLD CORP - ‍WAHGNION IS EXPECTED TO INCREASE ANNUALIZED GOLD PRODUCTION BY 50% TO BETWEEN 300,000 AND 350,000 OUNCES FOLLOWING FIRST POUR.TERANGA GOLD CORP - ‍SECURES ADDITIONAL $25 MILLION FOR FUTURE ADVANCEMENT OF GOLDEN HILL PROJECT TO FEASIBILITY STUDY​.TERANGA GOLD CORP - ‍$165 MILLION FINANCING TO BE USED TOWARDS FUNDING DEVELOPMENT OF WAHGNION GOLD PROJECT & TO REPAY CO'S CURRENT OUTSTANDING BANK DEBT​.