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Patagonia Gold Agrees to Increase Loan Facility with Cantomi Capital Ltd.

Dec 06, 2024•over 1 year ago

Contract Type

agreement

ArgentinaMining

Description

Patagonia Gold has entered into an agreement with Cantomi Capital Ltd. to increase the maximum aggregate amount of the Cantomi Loan to US$40 million and to extend its maturity to December 31, 2026. The funds from the increased Cantomi Loan will be utilized primarily to make downpayments for long lead items for the development of the Calcatreu project until financing is secured and for general working capital purposes.

Company Information

Company

Patagonia Gold

Location

Argentina

About

Patagonia Gold Corp. is a Canadian company engaged in acquiring and developing gold and silver mining properties in Argentina. It has a strong focus on exploration and production of precious and base metal mineral deposits.

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