Hanstone Gold Corp. (TSE:HANS) has released an update.
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Hanstone Gold Corp. has completed a debt financing deal, securing an additional $725,000 loan from an affiliate of director Mr. Gurbakhshish ‘Bob’ Hans, bringing the total borrowed funds to $1,125,000. This loan is set to mature on August 1, 2027, with an annual interest rate of 15%, and is collateralized by the company’s assets. The funds will be used to make a payment on the company’s Doc Mineral property and for general corporate purposes.
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