West Red Lake Gold Signs Term Sheet for Up to USD 95 Million Credit Facility With Gunvor
Bitget2026/11/02 10:09- West Red Lake Gold signed a binding term sheet November 2, 2026, with Centalion subsidiary Gunvor for financing up to US$ 95 million.
- The proposed facility comprises an initial tranche up to US$ 65 million; a second US$ 30 million tranche requires additional approvals.
- Proceeds would refinance Nebari secured debt on more favorable terms, support Madsen development and potentially fund Rowan development.
- The five-year facility carries one-month SOFR plus 5.5% interest, with a nine-month principal repayment holiday on the initial tranche.
- Gunvor would purchase 100% of gold doré production; funding remains subject to due diligence, definitive agreements and required approvals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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