Solgold (OTC) (GB:SOLG) has released an update.
SolGold PLC has announced substantial financial progress with strong interest from capital providers for a significant financing package for the Cascabel Project, alongside securing a US$10 million loan facility to support ongoing operations. CFO Chris Stackhouse emphasized the importance of these developments in establishing a solid financial foundation for the project’s next phases. However, the company cautions that the financing discussions are ongoing and not yet finalized, with completion dependent on several conditions, including necessary permits and a final investment decision.
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