Steppe Gold Limited (TSX: STGO | OTCQX: STPGF | FSE: 2J9) has announced that Steppe Investments Limited, a wholly owned subsidiary of the company, has entered into an amended and restated gold prepay agreement with Triple Flag International Ltd. for an additional advance under its previously negotiated short-term gold prepay facility.
Under the terms of the prepay agreement, Triple Flag has advanced additional funds of US$5M to Steppe Gold or one of its affiliates. The Triple Flag Gold Prepay Facility will be repaid by the company over five months, commencing on 15 August 2024, with five equal monthly deliveries of 530oz of gold for a total of 2,650oz delivered.
The Triple Flag Gold Prepay Facility provides additional, non-dilutive liquidity for the company as it navigates the end of the winter production period and it continues final due diligence on the previously announced acquisition of Boroo Gold.
Steppe Gold is Mongolia’s premier precious metals company and 100% owner of the ATO gold mine and the Uudam Khundii project in Mongolia.
To find out more, please visit www.steppegold.com
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