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BRIEF-GOGOLD RESOURCES ANNOUNCES SALE OF SANTA GERTRUDIS PROJECT TO AGNICO EAGLE MINES LIMITED FOR $80 MLN
2017年9月5日 / 下午2点44分 / 20 天前

BRIEF-GOGOLD RESOURCES ANNOUNCES SALE OF SANTA GERTRUDIS PROJECT TO AGNICO EAGLE MINES LIMITED FOR $80 MLN

Sept 5 (Reuters) - GoGold Resources Inc

* GOGOLD RESOURCES INC. ANNOUNCES SALE OF SANTA GERTRUDIS PROJECT TO AGNICO EAGLE MINES LIMITED FOR US$80 MILLION

* ‍ENTERED INTO DEFINITIVE AGREEMENTS WITH AGNICO EAGLE MINES TO SELL ITS INTEREST IN SANTA GERTRUDIS GOLD PROJECT​

* NET PROCEEDS OF TRANSACTION WILL BE USED TO REPAY COMPANY‘S SENIOR REVOLVING CREDIT FACILITY, REDUCE OUTSTANDING TRADE

* AGNICO WILL RETAIN OPTION TO BUY BACK 1% OF NSR FOR US$7.5 MILLION

* TRANSACTION IS NOT SUBJECT TO A SHAREHOLDER VOTE

* AGNICO TO ADVANCE TO GOGOLD A TOTAL OF US$7.5 MILLION IN CASH VIA SUBORDINATED SECURED TERM LOAN BEARING INTEREST AT 10% PER ANNUM Source text for Eikon: Further company coverage:

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