TSXV:AUMBMetals and Mining
A Look At 1911 Gold’s Valuation As A $30 Million Credit Facility Reshapes True North Plans
Why 1911 Gold’s New Credit Facility Matters
1911 Gold (TSXV:AUMB) has drawn fresh attention after securing a $30,000,000 credit facility from Auramet International Inc., intended to fund equipment purchases, underground development, and mill upgrades at the True North Gold Project.
The financing is structured in two equal tranches of $15,000,000. The second tranche is available between month three and month six after closing and carries a 12% annual interest rate, paid monthly.
For investors,...