Firesteel inks $20.6 mln funding deal with Pandion
Vancouver-based junior mining company Firesteel Resources Inc (TSX-V: FTR) has raised US$20.6 million in funding under a prepaid forward gold purchase agreement. The agreement was made with an affiliate of Pandion Mine Finance, a U.S. mining investment firm. The funds raised will be used by the company to restart production at the Laiva Gold Mine near Raahe, Finland and retire certain creditor obligations. Firesteel plans to eventually acquire 100 percent of the Laiva project. Pandion is backed by Mks Pamp Group and Ospraie Management.
11 December 2017•4 mins read
