Ghanaian government buys Cardinal's Sprott debt

CARDINAL Resources’ US$23.8 million senior secured credit facility with Sprott Private Resource Lending has been purchased by the Ghana Infrastructure Investment Fund, with the Ghanaian government keen to increase local participation in what it calls “one of Africa’s largest and most significant new gold discoveries”.

Ghanaian government buys Cardinal's Sprott debt Ghanaian government buys Cardinal's Sprott debt Ghanaian government buys Cardinal's Sprott debt Ghanaian government buys Cardinal's Sprott debt Ghanaian government buys Cardinal's Sprott debt

Cardinal's exploration base in Bolgatanga, Ghana

Managing director Archie Koimtsidis said Cardinal had been talking with GIIF, which is heavily invested in a range of Ghanaian infrastructure projects, since late last year.

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