Gold Basin Resources Corporation (TSE:GXX) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Gold Basin Resources Corporation secures a $500,000 unsecured loan from Charrua Capital, LLC to fund its exploration activities, claim fees, and general working capital. The loan has a high interest rate of 15% and is due by August 2025. It will be distributed in two parts with specific terms including legal fee coverage and a facility fee, and a ‘Change in Control’ clause that could accelerate repayment.
For further insights into TSE:GXX stock, check out TipRanks’ Stock Analysis page.