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VanGold Signs US$7.5m Silver/Gold Loan Facility


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 numbe ....

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Vangold Mining Corp.: VanGold Signs US$7.5m Silver/Gold Loan Facility


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 ....

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SAN MIGUEL DE ALLENDE'S BURGEONING WINE COUNTRY TAKES VISITORS ACROSS THE DRAMATIC TERRAIN AND ARCHITECTURE OF THE HEART OF MEXICO


 
SAN MIGUEL DE ALLENDE’S BURGEONING WINE COUNTRY TAKES VISITORS ACROSS THE DRAMATIC TERRAIN AND ARCHITECTURE OF THE HEART OF MEXICO
Industry:
San Miguel de Allende’s Burgeoning Wine Country
San Miguel de Allende embraces its wine culture in La Ruta del Vino (The Wine Route). Wine country here is located right in the center of Mexico, in the Bajío area, known for its year-round spring-like weather and majestic backdrops of evergreens, cacti, farms and haciendas.
(TRAVPR.COM)
MEXICO -
February 26th, 2021 - This Mexican colonial jewel of a city is probably best known for its architecture, traditions, and art scene, but some may find it surprising that its natural light and beauty is also favored by winemakers. The region around San Miguel de Allende is one of the world’s newest places for viniculture. ....

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