HILLGROVE EXECUTES GOLD LOAN FOR KANMANTOO PROJECT
Hillgrove Resources Limited (ASX: HGO) is pleased to announce that it has executed an AUD15 million Financing Facility, in the form of a Gold Loan, provided to Hillgrove Copper Pty Ltd by the existing project financiers Macquarie Bank Limited and Barclays Bank Plc. This commitment represents approximately 42% of Hillgrove Copper’s planned gold production over the period June 2012 to September 2014 and effectively hedges our gold output at current prices.
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