Crescent secures Laverton loot

CRESCENT Gold has secured $A25 million in funding from Investec Bank to finance the development of its Laverton project in Western Australia, with first gold production pegged for early 2007.

Crescent secures Laverton loot Crescent secures Laverton loot Crescent secures Laverton loot Crescent secures Laverton loot Crescent secures Laverton loot

The project loan includes a $20 million gold loan consisting of a $5 million cost overrun facility, a $5 million cash loan to buy puts and diesel caps and a gold hedging facility – if required.

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