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BRIEF-Panterra Gold closes out hedging program and reduces project debt

Published 06/08/2015, 12:50 pm
Updated 06/08/2015, 12:56 pm
© Reuters.  BRIEF-Panterra Gold closes out hedging program and reduces project debt
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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

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