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The latest update is out from Batero Gold ( (TSE:BAT) ).
Batero Gold Corp. announced an amendment to an unsecured loan agreement with Antioquia Gold Ltd., increasing the loan value to COP$4,800,000,000 and extending the term until December 20, 2025. The loan, which supports the company’s operational requirements in Colombia, is considered a related party transaction due to common ownership, but it is exempt from certain regulatory requirements. The company plans to repay the loan in cash at maturity through intercompany financing.
More about Batero Gold
Batero Gold Corp. is a precious and base metals exploration company focused on developing the La Cumbre Gold Project in Risaralda, Colombia. This project is part of the company’s wholly-owned Batero-Quinchia Gold Project, located within Colombia’s emerging Mid Cauca gold and copper belt.
Average Trading Volume: 20,000
Technical Sentiment Signal: Buy
Current Market Cap: C$6.91M
For a thorough assessment of BAT stock, go to TipRanks’ Stock Analysis page.