Reuters logo
BRIEF-GOGOLD RESOURCES ANNOUNCES SALE OF SANTA GERTRUDIS PROJECT TO AGNICO EAGLE MINES LIMITED FOR $80 MLN
September 5, 2017 / 2:42 PM / 15 days ago

BRIEF-GOGOLD RESOURCES ANNOUNCES SALE OF SANTA GERTRUDIS PROJECT TO AGNICO EAGLE MINES LIMITED FOR $80 MLN

Sept 5 (Reuters) - GoGold Resources Inc

* GOGOLD RESOURCES INC. ANNOUNCES SALE OF SANTA GERTRUDIS PROJECT TO AGNICO EAGLE MINES LIMITED FOR US$80 MILLION

* ‍ENTERED INTO DEFINITIVE AGREEMENTS WITH AGNICO EAGLE MINES TO SELL ITS INTEREST IN SANTA GERTRUDIS GOLD PROJECT​

* NET PROCEEDS OF TRANSACTION WILL BE USED TO REPAY COMPANY‘S SENIOR REVOLVING CREDIT FACILITY, REDUCE OUTSTANDING TRADE

* AGNICO WILL RETAIN OPTION TO BUY BACK 1% OF NSR FOR US$7.5 MILLION

* TRANSACTION IS NOT SUBJECT TO A SHAREHOLDER VOTE

* AGNICO TO ADVANCE TO GOGOLD A TOTAL OF US$7.5 MILLION IN CASH VIA SUBORDINATED SECURED TERM LOAN BEARING INTEREST AT 10% PER ANNUM Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below