debt
confidence high
sentiment positive
materiality 0.65
Gold Resource closes $6.28M debt facility; issues warrants for 1.5M shares at $0.65
GOLD RESOURCE CORP
- Loan of $6.28M at SOFR + 5% matures Dec 26, 2026; secured by equity in subsidiary Don David Gold Mexico.
- Warrants for 1.5M common shares at $0.65, exercisable immediately, expire June 26, 2027.
- Proceeds to fund Three Sisters area development, replacement mining equipment, and mill upgrades.
- CEO Palmiere: loan and prior equity issuances provide capital to increase productivity and profitability.
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