Orezone Announces Closing of Term Loan for Phase II Hard Rock Expansion
Iamgold Corporation Ordinary Shares (IAG)
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm
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Source: GlobeNewswire
VANCOUVER, British Columbia, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce that the Company has closed on its previously announced Phase II Term Loan (the “Phase II Term Loan”) with Coris Bank International (“Coris Bank”). Loan proceeds will be directed towards the Phase II Hard Rock Expansion that is currently under construction at the Bomboré Mine, with first gold scheduled in Q4-2025. The Phase II Term Loan is for a principal amount of XOF 35.0 billion (~US$58 million at a FX rate of 600), bears interest of 11.0% per annum, and has a term of three years. Principal repayments are deferred until January 2026 when the Phase II hard rock plant is expected to be in commercial production. The first drawdown of the Phase II Term Loan was completed today with the remaining loan facility available for drawdown as needed in 2025. With strong operating cashflows continuing into the current quarter, th
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Earnings
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Sec Filings
- 12/23/24 - Form 6-K
- 12/6/24 - Form 6-K
- 12/5/24 - Form 6-K
- IAG's page on the SEC website