🕐01.07.10 - 10:47 Uhr
Crescent Gold Limited - $15m debt facility
Crescent Gold Limited (ASX:CRE, TSX:CRA) is pleased to announce that it
has signed a A$15 million Secured Loan Facility Agreement.
The term of the loan is 12 months with a headline interest rate of 10%
plus additional fees and payments.
The funds will be used for the staged payment of the recently purchased
Laverton Extended Joint Venture tenements (1.1 million gold ounces) and
the accelerated development of the defined projects within that package,
as well as fund development working capital requirements.
Questions can be directed to:
Roland Hill or Renee
Brickner
Managing Director
B.Sc.Geol., Corporate Communications N.A.
Perth, Australia
Vancouver, BC
Ph: +61 8 6380 7100
Ph: +1-604-802-6806
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