Gold Basin Secures Loan for Exploration and Operations

Gold Basin Resources Corporation (TSE:GXX) has released an update.

Gold Basin Resources Corporation secures a $500,000 unsecured loan from Charrua Capital, LLC to fund its exploration activities, claim fees, and general working capital. The loan has a high interest rate of 15% and is due by August 2025. It will be distributed in two parts with specific terms including legal fee coverage and a facility fee, and a ‘Change in Control’ clause that could accelerate repayment.

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