Hanstone Gold Corp. (TSE:HANS) has released an update.
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Hanstone Gold Corp. has secured a new debt financing deal, borrowing an additional $725,000 from an affiliate of company director Mr. Gurbakhshish ‘Bob’ Hans, bringing the total loan amount to $1,125,000. The funds, accruing 15% interest annually and secured against company assets, will be used for payments on the Doc Mineral property and for general corporate purposes. This financial move comes amid Hanstone’s ongoing exploration projects in British Columbia’s mineral-rich Golden Triangle.
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