Leagold assumes further bridge debt

Leagold assumes further bridge debt

Debt Loans Canada Mexico

Leagold has obtained $145m combined through a debt and equity transaction related to its planned acquisition of Brio Gold, the Canadian mining company said in a statement. Leagold, which owns 100% of Mexico's Los Filos gold mine, added $100m in 18-month debt on top of its existing $150m secured credit facility. Proceeds from the add-on will repay a $75m senior secured credit facility that Brio Gold had signed with a group of Brazilian banks. At the end of December last year, Brio had drawn dow

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