Toronto, Ontario–(Newsfile Corp. – June 2, 2021) –
OCIM Precious Metals SA (“OCIM”) is pleased to announce that it has signed a definitive agreement with VanGold Mining (TSXV: VGLD) (“VanGold”) to provide a US$ 7.5M alternative financing in the form of a Silver and Gold Loan.
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Try refreshing your browser. OCIM Provides a US$7.5M Financing for Vangold s Refurbishment of El Cubo Project in Guanajuato, Mexico Back to video
Listed on the Toronto stock exchange, VanGold specialises in reactivating past producing silver and gold mines in the region of Guanajuato, in central Mexico. The Company, which plans to resume production at El Pinguico in the second quarter of 2021, has closed on its acquisition of the El Cubo complex from Endeavour Silver Corp. The El Cubo complex sits on a site actively mined since the 17
Toronto, Ontario (Newsfile Corp. - June 2, 2021) - OCIM Precious Metals SA ("OCIM") is pleased to announce that it has signed a definitive agreement with VanGold Mining (TSXV: VGLD) ("VanGold") to provide
VanGold Signs US$7.5m Silver/Gold Loan Facility
ACCESSWIRE
Financing Enhances Liquidity During El Cubo Refurbishment
VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / VanGold Mining Corp. (the
Company or
VanGold ) (TSXV:VGLD)(OTCQX:VGLDF) is pleased to announce that it has signed a definitive agreement with European based metals trading firm OCIM Group to obtain a non-dilutive US$7.5m financing in the form of a silver and gold loan to strengthen its balance sheet during the refurbishment of the Company s El Cubo mine and mill complex located approximately 11 kilometers east of Guanajuato City, in central Mexico.
Loan Facility:
First discussed in VanGold s news release of December 18, 2020 (click here for news release), the loan is for an 18-month term, including an initial six-month payment-free grace period, and is then repayable over the following 12 months with the Company delivering a set number of silver and gold ounces on a monthly basis. The number of silver and gold oun
Vangold Mining Corp.: VanGold Signs US$7.5m Silver/Gold Loan Facility
VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / VanGold Mining Corp. (the
Company or
VanGold ) (TSXV:VGLD)(OTCQX:VGLDF) is pleased to announce that it has signed a definitive agreement with European based metals trading firm OCIM Group to obtain a non-dilutive US$7.5m financing in the form of a silver and gold loan to strengthen its balance sheet during the refurbishment of the Company s El Cubo mine and mill complex located approximately 11 kilometers east of Guanajuato City, in central Mexico.
Loan Facility:
First discussed in VanGold s news release of December 18, 2020 (click here for news release), the loan is for an 18-month term, including an initial six-month payment-free grace period, and is then repayable over the following 12 months with the Company delivering a set number of silver and gold ounces on a monthly basis. The number of silver and gold ounces will be fixed at a discount to the spot price
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