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Canarc Arranges $8 Million Debt Financing to Develop El Compas Gold-Silver Mine in Zacatecas, Mexico to Production
Canarc Arranges $8 Million Debt Financing to Develop El Compas Gold-Silver Mine in Zacate...
About this update from Canagold Resources Ltd
[{"type":"text","content":"Canarc Arranges $8 Million Debt Financing to Develop El Compas Gold-Silver Mine in Zacatecas, Mexico to Production\n\t\t\tbody { font-size: 11pt;\n\t\t\t}\n\n\t\t\t.nr-sub-head ul,\n\t\t\t.nr-body ul {\n\t\t\t\tlist-style-type: disc !important;\n\t\t\t\tmargin-left: 2em !important;\n\t\t\t}\n\n\t\t\t.nr-sub-head ol,\n\t\t\t.nr-body ol {\n\t\t\t\tmargin-left: 2em !important;\n\t\t\t}\n\n\t\t\t.nr-body p, .nr-body {margin-bottom: 0px !important;\n\t\t\t\t\tmargin-top: 0px !important;\n\t\t\t\t\t-webkit-margin-before: 0px !important;\n\t\t\t\t\t-webkit-margin-after: 0px !important;\n\t\t\t\t\tfont-family: Arial !important;\n\t\t\t\t\tfont-size: 11pt !important;\n\t\t\t }\n\n\t\t\ttbody {\n\t\t\t\tborder-top: 0;\n\t\t\t}\n\n\t\t\t H1 {font-weight: bold;\n\t\t\t\tfont-size: 16pt;\n\t\t\t }\n\n\t\t\t H2 {font-weight: bold;\n\t\t\t\tfont-size: 12pt;\n\t\t\t }\n\n\t\t\t H3 {font-weight: bold;\n\t\t\t\tfont-size: 11pt;\n\t\t\t }\n\n\n\t\t\t H1.nr-head {\n\t\t\t \t\tfont-family: Trebuchet MS !important;\n\t\t\t \t\tfont-size: 16pt !important;\n\t\t\t \t\tcolor: #3D86C6 !important;\n\t\t\t \t\tfont-weight:bold !important;\n\t\t\t \t\ttext-align:center !important;\n\n\t\t\t }\n\n\t\t\t H2.nr-sub-head {font-weight: bold !important;\n\t\t\t \t\tdisplay: block !important;\n\t\t\t \t\ttext-align: start !important;\n\t\t\t \t\tfont-family: Arial !important;\n\t\t\t\t\tfont-size: 12pt !important;\n\t\t\t }\n\n\t\t\t .nr-body a { font-size: 11pt !important;\n\t\t\t }\n\n\t\t\t TABLE { width: auto!important;\n\t\t\t }\n\n\t\t Canarc Arranges $8 Million Debt Financing to Develop El Compas Gold-Silver Mine in Zacatecas, Mexico to Production\n Vancouver, British Columbia (FSCwire) - Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has executed an indicative term sheet for up to US$10 million in debt financing by way of a gold prepaid facility with a leading North American resource fund in order to develop the El Compas gold-silver mine in Zacatecas, Mexico to production.\n\n \n\nDuring the next 60 days, the Company will work with the lender to complete their due diligence and a definitive agreement.  Financing terms will be disclosed upon closing.\n\n \n\nCatalin Chiloflischi CEO stated: “We are pleased to accept this indicative offer of an US$8 million debt financing (up to US$10 million if neede...