StockMarketWire.com - Gold producer Goldplat said a subsidiar had renewed a $2m loan facility with Scipion Active Trading Fund, arranged by Scipion Capital.

The facility was available for360 days under amended terms and its duration could be extended, or its size increased, on mutual agreement of both parties.

Interest was payable on amounts drawn at Libor plus a margin of 9.75% a year. The funds would used as a working capital to support sourcing initiatives in West Africa and South America.

'We have built a strong relationship with Scipion over the last few years and we are pleased with the way the facility has evolved with Scipion's understanding of our business,' chief executive Werner Klingenberg said.

'This should specifically give us further flexibility in our dealings in West Africa and South America going forward.'


At 2:05pm: [LON:GDP] Goldplat PLC share price was +0.05p at 2.6p



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