Aton Resources (TSE:AAN) has released an update.
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Aton Resources Inc. secures a C$10 million bridge loan from major shareholder OU Moonrider to fund working capital, exploration, and drilling activities at the Abu Marawat Concession. This financial move, which includes an interest rate of 12% per annum, is aimed at advancing the company towards the anticipated gold production, bringing Aton’s total debt to Moonrider to C$6,811,370.
For further insights into TSE:AAN stock, check out TipRanks’ Stock Analysis page.
