Aug 6 (Reuters) - Panterra Gold Ltd PGI.AX :
* PGI closes out hedging program and reduces project debt
* Says net proceeds of US$9.34 million have been applied to reduction of the
company's project loan from Macquarie Bank Limited
* The company may in the future add hedging commitments and extend the delivery
period in the event of gold prices increasing
* Group's project loan now stands at US$14.9 million
* Panterra Gold will continue to seek alternative long-term financing for the
Las Lagunas Project
* Says confident of effecting refinancing of the MBL project loan within
approximately six months
* Company has also requested MBL capitalise about US$2.5 million of royalty
payments which fall due before 30 June 2016
* Source text for Eikon ID:nASX2NM0VW