Orion Mine Finance provides $35 mln in funding to GoGold Resources
Halifax, Nova Scotia-based GoGold Resources Inc (TSX: GGD), a mineral resource company, has received US$35 million in equity and debt financing from Orion Mine Finance. Orion has provided the first US$15 million tranche under the credit agreement and has also acquired 4,693,563 common shares of GoGold. Proceeds will be used to fund development of the company's Parral tailings project in Chihuahua, Mexico, and for working capital purposes. Orion, formerly known as RK Mine Finance, is a global private equity investor in precious and base metals sectors.
30 September 2013•3 mins read
