Bateman gold project. Image from Battle North Gold.
Battle North Gold (TSX: BNAU) has entered a binding commitment letter with Macquarie Bank for a senior secured term loan facility of $40 million, which will be used to fund the construction of the Bateman gold project in Red Lake, Ontario.
Proceeds of the credit facility, together with cash currently on the company’s balance sheet, is expected to fully fund the Bateman project to commercial production.
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Bateman gold project. Image from Battle North Gold.
Battle North Gold (TSX: BNAU) has entered a binding commitment letter with Macquarie Bank for a senior secured term loan facility of $40 million, which will be used to fund the construction of the Bateman gold project in Red Lake, Ontario.
Proceeds of the credit facility, together with cash currently on the company’s balance sheet, is expected to fully fund the Bateman project to commercial production.
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