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Excelsior completes funding deal

By:  
Creamer Media Senior Deputy Editor: Australasia
 
GOLD
Gold miner Excelsior Gold has drawn down the first funds from a A$4.5-million project loan facility secured from Macquarie Bank. The facility was expected to partially refinance an existing A$4-million convertible loan, with Excelsior also using the call options premium generated from A$1 600 call options grant to retire the convertible loan.
 
 
 
 
 

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