The struggling gold miner had until today to refinance its non-amortising term loan with Orion Fund JV, which it has done via a new A$14.3 million financing arrangement with mining contractor MACA.
The new loan has allowed Blackham to repay its obligations under the Orion loan.
The MACA loan has a 10% per annum interest rate and no principal repayment obligations until March 2019.
MACA managing director Chris Tuckwell said the company was looking forward to working with a repositioned Blackham for many years to come.
Now that the refinancing is complete, Blackham can move ahead with a proposed $36 million entitlement offer.
Hartleys has been appoin...