Steppe Gold's subsidiary, Steppe Investments Limited, has entered into an amended gold prepay agreement with Triple Flag. The agreement provides additional funds of US$5 million and will be repaid over five months.
(OTCQX: STPGF) (FSE: 2J9) (" Steppe Gold " or the"Company") is pleased to announce that Steppe Investments Limited, a wholly owned subsidiary of the Company, has entered into an amended and restated gold prepay agreement (the"Under the terms of the Prepay Agreement, Triple Flag has advanced additional funds of US$5 million to Steppe Gold or one of its affiliates.
The Triple Flag Gold Prepay Facility will be repaid by the Company over five months, commencing on August 15, 2024, with five equal monthly deliveries of 530 oz of gold for a total of 2,650 oz delivered. The Triple Flag Gold Prepay Facility provides additional, non-dilutive liquidity for the Company as it navigates the end of the winter production period and it continues final due diligence on the previously announced acquisition of Boroo Gold.Cautionary Note Regarding Forward-Looking Statements: This news release includes certain statements that constitute"forward-looking statements", and"forward-looking information" within the meaning of applicable securities laws collectively"forward-looking statements". These include statements regarding Steppe Gold's intent to deliver stated gold volumes under the Prepay Agreemen
Steppe Gold Gold Prepay Agreement Triple Flag Subsidiary Funds Repayment
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