Gammon Gold restructured syndicated credit facility

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Tue, Nov 10, 2009

Gold Company News
Post by Melissa Pistilli, Gold Reporter

Canada based Gammon Gold Inc has restructured and its new line replaces prior syndicated credit facility. This financing will help in accelerating 2010 exploration programs.

The news article is quoted as saying:

The terms of new facility are expected to enhance Gammon’s net cash flow as there will be no principal repayments, other than a one-time payment on the maturity date, equal to the drawn loan balance at that point in time.

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