Business
Galleon Gold Completes $46 Million Senior Secured Debt Financing with Pan American Silver Corp.
Toronto, Ontario--(Newsfile Corp. - December 30, 2025) - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) ("Galleon Gold" or the "Company") is pleased to announce ...
About this update from Galleon Gold Corp
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 30, 2025) - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) ("Galleon Gold" or the "Company") is pleased to announce that further to its press release dated November 24, 2025, it has entered into a credit facility of up to $46 million (the "Facility") with Pan American Silver Corp. ("Pan American").","length":380,"tagName":"p"},{"type":"text","content":"Facility Details","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"24-month maturity from closing with principal repayable at maturity, subject to a prepayment provision after one year.","length":118,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Bears interest at a floating rate equal to the 12-month prime reference rate plus 7.00%, payable monthly in arrears ("Interest Payment").","length":147,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Facility is secured by first-ranking security over substantially all of the Company's assets, including the West Cache Gold Project (the "Project" or "West Cache"), subject to customary permitted encumbrances.","length":237,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"An arrangement fee equal to 2.5% (the "Arrangement Fee") of the Facility.","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Standby fee (the "Standby Fee") on the daily unadvanced portion of the Facility at a rate of 1.6% per annum. The Standby Fee is payable in arrears on each Interest Payment date.","length":187,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Arrangement Fee, Interest Payments and Standby Fee are payable in cash or, at Pan American's option, in common shares of the Company ("Common Shares"), subject to applicable regulatory requirements and stock exchange approval.","length":240,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":1012,"olType":false},{"type":"text","content":""This financing represents a major milestone for Galleon Gold and along with the recent $30 million equity raised provides the capital required to completed the planned bulk sample at West Cache," said Mr. David Russell, President and Chief Executive Officer of Galleon Gold. &q...