Montan Mining inks $10 mln financing deal with Cartesian

Canadian precious metals producer Montan Mining Corp (TSX-V: MNY) has agreed to receive a funding package of up to US$10 million from the royalty financing affiliate of Cartesian Capital Group, a U.S. private equity firm. Vancouver-based Montan, which is focused on monetizing gold mining assets in Peru, said the funds raised will be used to support its recent buy of Kairos Capital Peru SAC and M&S Transportes y Servicios Generales SRL from Pacific Alliance Capital Group Ltd. It will also give priority to bringing the company's Cerro Dorado processing plant into production and increase its capacity.

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