May 3, 2018 |
Leagold has obtained $145m combined through a debt and equity transaction related to its planned acquisition of Brio Gold, the Canadian mining company said in a statement.
Leagold, which owns 100% of Mexico's Los Filos gold mine, added $100m in 18-month debt on top of its existing $150m secured credit facility.
Proceeds from the add-on will repay a $75m senior secured credit facility that Brio Gold had signed with a group of Brazilian banks. At the end of December last year, Brio had drawn down
Canadian miner tacks on $100m in 18-month bank debt while Orion Resources subscribes to $45m of its common shares