/NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES/
TORONTO, Aug. 25 /CNW/ - South American Gold and Copper Company (the "Company)
(TSX-SAG) is pleased to report that it has made the final principal and
interest payments totalling US $305,837.33 on its loan from the Overseas
Private Investment Corporation, an Agency of the United States
Government, headquartered in Washington D.C. (OPIC). The original amount
of the loan was US $2,800,000.
Stephen W. Houghton, Chief Executive Officer, stated that the Company
and its shareholders wish to extend their appreciation to OPIC and those
of its staff with whom we worked, for their services to the Company over
the term of the loan.
South American Gold and Copper Company Limited is a minerals producing,
exploration and development company with properties and activities
currently focused in Chile.
SOURCE Cerro Grande Mining Corporation
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