Austral Gold Limited (AU:AGD) has released an update.
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Austral Gold Limited, an emerging gold and silver mining producer, has announced securing a new AR$1,400 million unsecured loan from Banco Hipotecario, a bank connected to its largest shareholder. This strategic financial move will facilitate the repayment of a previous related party bridge loan, bolstering the company’s financial positioning in the market. The loan terms are aligned with standard practices in Argentina and reflect the local Badlar rate, providing a flexible repayment option for the company.
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