Luna Gold announces the completion of a US$15 million project debt facility
Tranche 1 is in the amount of US$7.5 million and is available for the completion of the Aurizona project. Tranche 2 is in the amount of a further US$7.5 million and is available for working capital purposes while the operation ramps up to full production capacity and steady earnings inflow. Both tranches of the Facility will bear interest at LIBOR plus 7.5% and are to be fully repaid by
On the development side, Luna is pleased to confirm that the 69kV line for the Aurizona project has been approved for construction by CEMAR, the state power utility.
Luna's CEO, Jim Bahan, comments, "The completion of this Facility is timely given the current improvement in the US$ to Real exchange rate. Further to our release of
About
Luna is a mineral exploration and development company engaged in the acquisition, exploration, and development of gold resources and advanced stage gold exploration projects in
On behalf of the Board of Directors
LUNA GOLD CORP.
Jim Bahan - CEO
Website: www.lunagold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Investor Relations at (604) 689-7317 or toll free at 1-866-689-7317
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