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Hanstone Gold Secures $800,000 Loan to Advance Exploration Projects

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Hanstone Gold Secures $800,000 Loan to Advance Exploration Projects

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The latest update is out from Hanstone Gold Corp. ( (TSE:HANS) ).

Hanstone Gold Corp has secured an $800,000 loan from an affiliate of its director, Mr. Gurbakhshish ‘Bob’ Hans, bringing the total loaned funds to $2,025,000. The loan, repayable by August 2027 with a 15% annual interest rate, will support Hanstone’s Doc and Snip North Projects and other corporate needs. This transaction, classified as a related party transaction, was approved by Hanstone’s independent directors, highlighting the company’s strategic financial maneuvers to advance its exploration projects.

More about Hanstone Gold Corp.

Hanstone Gold Corp is a precious and base metals exploration company focused on the Doc and Snip North Projects in the Golden Triangle of British Columbia, an area known for its rich mineral deposits. The company holds a 100% earn-in option on the Doc Project and owns a 100% interest in the Snip North Project, leveraging a team with a strong track record in gold discovery and mineral project development.

Average Trading Volume: 24,332

Technical Sentiment Signal: Sell

Current Market Cap: C$1.45M

Learn more about HANS stock on TipRanks’ Stock Analysis page.

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