Funds to be used for ongoing working capital, exploration program and preparation of Redstone Mill
Gowest Gold Ltd. is pleased to announce that it has entered into a loan agreement with 15748593 Canada Inc. , pursuant to which Gowest may borrow up to an aggregate principal amount of $10,000,000. The proceeds of this loan are intended to be used by Gowest for ongoing general working capital requirements, to fund its exploration program, and to prepare the Redstone Mill for the anticipated milling of Gowest ore. As announced on June 7, 2024, Gowest entered into a toll milling agreement with
Northern Sun Mining Corp. , pursuant to which, subject to certain terms and conditions, Northern Sun has agreed to mill and process ore produced from Gowest's Bradshaw mine at i...