The additional credit facility matures on September 30 and accrues interest at a rate of 14% per annum.
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Pure Gold Mining has entered into an agreement with its lending partner, Sprott Private Resource Lending under which Sprott conditionally agreed to provide an additional, secured, first-priority, non-revolving credit facility of up to US$6 million while waiving any existing defaults under the existing credit, stream purchase and production payment agreements until May 15.
Pure Gold's PureGOld mine in Ontario, Canada
The additional credit facility matures on September 30 and accrues interest at a rate of 14% per annum.
Financing to fund transition to positive cash flow
PureGold a 'very fixable asset'
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