Edition:
India

Teranga Gold Announces First Drawdown Under Facility For Construction Of Its Second Mine


Tuesday, 8 May 2018 

May 7 (Reuters) - Teranga Gold Corp ::TERANGA GOLD ANNOUNCES FIRST DRAWDOWN UNDER FACILITY FOR CONSTRUCTION OF ITS SECOND MINE.TERANGA GOLD - FIRST DRAWDOWN UNDER PF TRANCHE WAS $70 MILLION, $15 MILLION OF WHICH USED TO CLOSE OUT REVOLVING CREDIT FACILITY WITH SOCIÉTÉ GÉNÉRALE.TERANGA GOLD CORP - FACILITY IS COMPRISED OF $165 MILLION TO BE USED TOWARDS FUNDING DEVELOPMENT OF WAHGNION GOLD PROJECT.TERANGA GOLD - FACILITY ALSO INCLUDES $25 MILLION TO BE USED TOWARD FUTURE ADVANCEMENT OF FEASIBILITY STUDY FOR GOLDEN HILL PROJECT. 

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