Troy Resources Secures $40 Million in Loan Facilities

Troy Resources Ltd. (TSX:TRY,ASX:TRY) announced that it has secured AU$40 million in loan facilities.

As quoted in the press release:

The Facilities consist of the following:

A$20 Million Revolving Corporate Facility (RCF) and an A$20 Million Revolving Acquisition Loan Facility (ALF).

Troy’s managing director, Paul Benson, said:

We are very pleased to have agreed these facilities with Investec who have been supportive of the Company through the provision of the $35 million facility to construct Casposo and of the Company’s acquisition growth strategy.

To view the whole press release, click here.