AEX Gold, Inc. (TSE:AMRQ) has released an update.
Amaroq Minerals Ltd. has announced a new agreement for a US$35 million Revolving Credit Facility with Landsbankinn, replacing its previous undrawn US$18.5 million facility and enhancing its financial flexibility. The increased funding will support the continued development of the Nalunaq Gold mine in South Greenland, with favorable terms that include reduced rates once certain financial milestones are met. The arrangement aims to streamline the company’s debt structure and provide liquidity for both project completion and general corporate purposes.
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