Hummingbird Resources (GB:HUM) has released an update.
Hummingbird Resources has announced a strategic refinancing deal with Coris Bank International, securing a $25 million package to defer existing loan obligations for two years, without changing the company’s net debt position. This move is part of Hummingbird’s financial strategy to strengthen its balance sheet and support the ongoing ramp-up of its Kouroussa and Yanfolila gold projects. The deal is considered fair and reasonable by the company’s directors and is anticipated to enhance Hummingbird’s financial resilience as it approaches commercial production.
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