PROJECT FINANCE

Bluestone gets US$30M Lundin loan for stock

Bluestone Resources obtained a US$30 million loan from the Lundin family’s Zebra Holdings and Investments and Lorito Holdings, with funds to be used to advance the Cerro Blanco gold project in Guatemala through engineering and permit approval.

Bluestone Resources' Cerro Blanco in Guatemala

Bluestone Resources' Cerro Blanco in Guatemala

In consideration for the loan, Bluestone has issued 150,000 shares and will issue an additional 4,000 shares per month for each $1 million of the principal amount outstanding up to maturity on March 11,...

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