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Artemis Gold Executes Credit Approved Term Sheet and Mandate for $360 Million Project Debt Financing to Develop Blackwater
Artemis Gold Executes Credit Approved Term Sheet and Mandate for $360 Million Project Deb...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n \n \n \n Artemis Gold Executes Credit Approved Term Sheet and Mandate for $360 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.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Trading Symbol:   TSX-V: ARTG\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 April 9, 2021\n \n /CNW/ - (TSX-V: ARTG) (\n \n \"Artemis\"\n \n or the\n \n \"Company\"\n \n ) is pleased to announce that, following a competitive selection process, it has received and executed a credit approved mandate letter and term sheet 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 arrange 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 Project\n \n \", or the \"\n \n Project\n \n \") in central British Columbia.  Subject to final credit approval and final due diligence, Macquarie and National Bank would agree to each underwrite 50% of the PLF.\n \n \n \n \n \n \n \n \n \n Macquarie is part of Macquarie Group, a diversified financial group in 31 markets providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities and a recognized global leader in the provision of mining project finance.  National Bank, together with its subsidiaries, forms one of\n \n Canada's\n \n leading integrated financial groups with\n \n $344 billion\n \n in assets as at\n \n January 31, 2021\n \n . It has more than 26,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA).\n \n \n \n \n Highlights of the PLF\n \n \n \n \n Key Terms of the PLF include the following:\n \n \n...