Sandstorm Gold Ltd. (NYSE MKT:SAND, TSX:SSL) has amended its revolving credit agreement (revolving loan), extending the term to five years. With the revolving loan, Sandstorm can borrow up to US$100 million for acquisition purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal and National Bank of Canada.
According to the company’s press release:
The Revolving Loan is subject to the same interest and standby fees as the Company’s previous revolving credit agreement announced on January 12, 2012.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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