Gowest Gold (TSE:GWA) has released an update.
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Gowest Gold Ltd. has secured a loan agreement for up to $10 million from a Canadian investment company to support its working capital, fund exploration programs, and prepare the Redstone Mill for processing ore from its Bradshaw mine. The unsecured loan carries a 12% annual interest rate and is set to mature on December 31, 2025, with the option for early repayment without penalty. This financial move is intended to bolster the company’s efforts in advancing its gold exploration and development in the Timmins gold camp.
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