All amounts are in USD unless stated otherwise
TSX: GMIN
OTCQX: GMINF
BROSSARD, QC, Jan. 30, 2024 /PRNewswire/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has drawn approximately $42 million on its $75 million senior secured term loan with an affiliate of Franco-Nevada Corporation (“Franco-Nevada“), as previously announced in July 2022. The $250 million gold stream, also announced in July 2022 has been fully drawn. The proceeds of the term loan will be used to continue the development and construction of GMIN’s 100% owned Tocantinzinho Gold Project (“TZ” or the “Project“), currently under construction in the State of Pará, Brazil. The Project remains on track and on budget for commercial production in H2-2024.
In connection with the draw on the term loan, GMIN provided evidence to Franco-Nevada that it has sufficient funding to fully satisfy the remaining…
