Excelsior secures Kalgoorlie North funding

EXCELSIOR Gold has accepted a $A15 million funding package from Macquarie Bank, allowing it to refinance existing debt and progress the development of its Kalgoorlie North gold project.

Excelsior secures Kalgoorlie North funding Excelsior secures Kalgoorlie North funding Excelsior secures Kalgoorlie North funding Excelsior secures Kalgoorlie North funding Excelsior secures Kalgoorlie North funding

The credit approved loan comprises a $12 million loan facility repayable by September 29, 2017, and a gold hedge facility covering 50,800 ounces of gold inclusive of a $3 million call grant facility.

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