StockMarketWire.com - Patagonia Gold said it had secured a new $15m loan facility from Cantomi Uruguay, a company owned and controlled by chairman Carlos Miguens.

The facility matured on 31 March 2021 and interest was payable on any amounts drawn down, accruing at a rate of 5% per annum.

The fund would be used for general working capital purposes, refinancing of local debt in Argentina, as well as updating the mineral resource estimate for Calcatreu and commencing a feasibility study for the project.




Story provided by StockMarketWire.com