Archipelago Resources unveils new corporate financing facility

AIM-listed mid-cap gold producer Archipelago Resources' subsidiaries have entered into a new corporate financing agreement with Standard Chartered Bank and PT Bank Permata TBK, an update issued by the company has disclosed.

AIM-listed mid-cap gold producer Archipelago Resources' subsidiaries have entered into a new corporate financing agreement with Standard Chartered Bank and PT Bank Permata TBK, an update issued by the company has disclosed.

Under the facility agreement, Archipelago said it could make initial draw-downs totalling up to $100m. Thereafter, and subject to obtaining necessary approvals, Archipelago said it could also exercise an option to draw-down a further $60m.

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