PROJECT FINANCE

Pantoro adds financing facility into Norseman funding mix

PANTORO has got the funds needed to pay for its 50% stake in the A$89 million development of the Norseman gold project after securing a $30 million finance facility from Sydney-based private credit firm Global Credit Investments.

Historical Norseman infrastructure, WA

Historical Norseman infrastructure, WA

The facility has a 7% coupon on funds used. There is no requirement that funds are utilised for project costs, with the facility generally available for use by Pantoro as required to operate its business....

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