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Artemis arranges US$360M Blackwater loan

Artemis Gold has executed a credit-approved commitment letter and term sheet from Macquarie Bank and National Bank of Canada to jointly underwrite a US$360 million project loan facility to fund a significant part of the estimated construction costs of its Blackwater gold project in British Columbia, Canada.

Artemis arranges US$360M Blackwater loan Artemis arranges US$360M Blackwater loan Artemis arranges US$360M Blackwater loan Artemis arranges US$360M Blackwater loan Artemis arranges US$360M Blackwater loan

Artemis Gold's Blackwater in British Columbia, Canada

The loan will bear interest at the Canadian dealer offered rate plus 4.5% pre-project completion, reducing to 4% post-completion.