Heliostar Metals (TSE:HSTR) has released an update.
Heliostar Metals Ltd. has secured two debt facilities totaling up to $10 million to fund the acquisition of a Mexican asset portfolio, enhancing its position to become a producing gold company with plans to grow its production. With favorable terms and minimal equity dilution, the company is poised for immediate cash flow and production acceleration. The acquisition is set to be completed by November 2024, with the company opting to drop a previous $20 million gold-linked debt facility plan.
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