$10m debt facility to accelerate Mineral Hill development
Filed with ASX · · 3 pages · English and French
• Strengthens balance sheet and provides funding to accelerate work programs associated with the Mineral Hill mining restart at the Pearse open pits and the SOZ underground • Attractive terms, with strong alignment with shareholders, with warrants (options) to acquire ordinary shares issued at 20 cps, a 127% premium to the last traded share price • Securing debt validates the development strategy
Kingston Resources Ltd. on 6ix
Story so far
Earlier from Kingston Resources
- Misima DFS confirms 1.73Moz gold Reserve, $956m NPV
- Outstanding Drilling Results at SOZ Underground
- Outstanding High-Grade Gold Hits at Pearse North
- Mineral Hill Production Update
- Sale of Livingstone Gold Project complete
Later from Kingston Resources
- Further shallow high grade drilling results at Pearse North
- Drilling extends mineralised zones at SOZ
- New copper-gold opportunity at Mineral Hill
- Record Gold Production at Mineral Hill
- Mineral Hill Underground Resources Increases 114pc
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