Steppe Gold (SPE:V) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 14.74

+0.3%

Jan 2 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert Dydo who wrote (576)	1/28/1998 8:36:00 PM
From: John Menzies	Read Replies (1) of 1248

NEWS RELEASE -- FINANCING UPDATE * info-mine.com John Menzies, President and Robert Bell CEO of Steppe Gold Resources Ltd are pleased to announce today that the Company has now received a letter of commitment from Standard Bank London Limited for the provision of project debt financing for the Mizek gold project. The commitment is open for acceptance by Steppe Gold until January 30, 1998. The commitment and the terms of the financing will allow the Company to move forward to finalize the remaining funding required to complete the Mizek project, which is expected to produce more than 80,000 ounces of gold in the first full year of production at a site cash cost of less than US$120 per ounce. The financing facility is structured as up to US$20 million as a primary facility with a further US$4 million facility provided as a standby facility, to meet possible project cost over-runs and, also, a US$5 million gold hedging facility. For a complete copy of the news release, please go to: info-mine.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next