Brigus Gold Completes $30 Million Bought Deal Debt Financing

The Financial Post reported that Brigus Gold has completed a previously announced $30 million bought deal debt financing, secured by a lien against the Company’s Black Fox Complex and the Goldfields properties with a three year term.

As quoted in the market report:

The Company will use $24.4 million of the debt proceeds to repurchase 4 percent of the existing 12 percent goldstream with Sandstorm Gold Ltd.. Under the agreement with Sandstorm, the Company may repurchase up to 6 percent of the goldstream until January 1, 2013. Brigus will make a decision on the remaining 2 percent prior to the end of the year.

To view the whole Financial Post report, click here.