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ARTEMIS GOLD EXECUTES CREDIT-APPROVED COMMITMENT LETTER FOR $385 MILLION PROJECT DEBT FINANCING TO DEVELOP BLACKWATER
ARTEMIS GOLD EXECUTES CREDIT-APPROVED COMMITMENT LETTER FOR $385 MILLION PROJECT DEBT FIN...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n \n \n \n ARTEMIS GOLD EXECUTES CREDIT-APPROVED COMMITMENT LETTER FOR $385 MILLION PROJECT DEBT FINANCING TO DEVELOP BLACKWATER\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnml4{\nMARGIN-LEFT:0.33em; MARGIN-TOP:0em; MARGIN-BOTTOM:0em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n FACILITY PROVIDES AN ADDITIONAL\n \n $40 MILLION\n \n STANDBY COST OVERRUN FACILITY:\n \n \n \n \n BLACKWATER PROJECT UPDATE\n \n \n \n \n \n All figures presented in Canadian Dollars, unless specified otherwise\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Feb. 24, 2022\n \n /CNW/ - Artemis Gold Inc. (TSXV: ARTG) (\n \n \"Artemis\"\n \n or the\n \n \"Company\"\n \n ) is pleased to announce that it has executed a credit-approved commitment letter and term sheet (\"\n \n Commitment Letter\n \n \") from Macquarie Bank Limited (\"\n \n Macquarie\n \n \") and National Bank of\n \n Canada\n \n (\"\n \n National Bank\n \n \") to jointly underwrite a\n \n $360 million\n \n Project Loan Facility (\"\n \n PLF\n \n \"), to fund a significant component of the estimated construction costs of the Company's Blackwater Gold Project (\"\n \n Blackwater\n \n \", or the \"\n \n Project\n \n \") in central British Columbia.  The PLF also provides for up to\n \n $25 million\n \n in capitalized interest and a\n \n $40 million\n \n standby cost overrun facility (\"\n \n Standby COF\n \n \"). The Standby COF is an addition to the terms previously announced on\n \...