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BRIEF-Excelsior Gold announces acceptance of project funding package

Published 13/07/2015, 09:30 am
© Reuters.  BRIEF-Excelsior Gold announces acceptance of project funding package
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July 13 (Reuters) - Excelsior Gold Ltd EXG.AX :

* Acceptance of project funding package EXG.AX

* Says accepted a credit approved $15 million loan and hedging facility with Macquarie Bank

* Funding apply towards refinancing of convertible loan and payments to Norton Gold Fields pursuant to the capital contribution agreement

* Facilities will comprise project loan facility of $12 million and gold hedge facility covering 50,800 ounces of forwards and $3M call grant facility

* Source text for Eikon ID:nASX6RZbLs

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