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.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|