Osisko Gold Announces Amendment to US$450 Million Appian Credit Facility and Satisfaction of Key Technical Conditions Precedent Following Successful Completion of the Lowhee Infill Drill Program at the Cariboo Gold Project
HIGHLIGHTS Appian confirms satisfaction of certain key technical conditions precedent applicable to the remaining undrawn US$350 million under the senior secured project loan facility, following its review of results from the Lowhee infill drilling and ore sorter programs Amended credit facility features more favourable terms, including reduced interest rate margins, improved covenants, and an […]
Osisko Gold Group Inc. has announced an amendment to its US$450 million Appian Credit Facility, following the successful completion of the Lowhee Infill Drill Program at the Cariboo Gold Project in central British Columbia, Canada. The amendment reflects the company's satisfaction with key technical conditions precedent, as stated in its news release.
The Cariboo Gold Project, fully permitted and 100%-owned by Osisko, is a flagship asset within the company's broader Cariboo regional land package, known for its numerous prospective exploration targets and opportunities for future discoveries. Osisko Gold's strategy centers on developing long-life mining assets in mining-friendly jurisdictions while managing capital allocation, development risk, and mineral inventory growth.
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