Premier Gold Mines to raise $45 mln from Orion Mine Finance
Canada's Premier Gold Mines Ltd has agreed to a US$45 million financing arrangement with Orion Mine Finance, a U.S. mining-focused private equity firm. The deal, which consists of US$30 million in credit and US$15 million in equity financing, includes an option for an additional US$400 million investment. The latter amount will provide for expansion of Premier's existing gold mining projects, as well as acquisitions. Orion will also purchase up to 20,000 ounces of refined gold annually from the company. Based in Thunder Bay, Ontario, Premier's exploration and development projects are located in mining districts in Canada and the United States.
1 June 2016•7 mins read
