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Article: Apollo Gold Closes US$15 Million Bridge Financing Facility for the Black Fox Project.
- Article from:
- Business Wire
- Article date:
- December 11, 2008
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DENVER -- Apollo Gold Corporation ("Apollo") (TSX: APG) (AMEX: AGT) is pleased to announce that it has closed a US$15 million bridge financing facility ("Bridge Facility") relating to its 100% owned Black Fox Project ("Black Fox") located near Timmins, Ontario, Canada.
Financing
In May 2008 Apollo retained Macquarie Bank Ltd. ("Macquarie Bank") and RMB Resources Inc. ("RMB") as joint arrangers (the "Banks") and underwriters for the Black Fox Project Finance Facility ("Project Facility"). The Banks have been conducting due diligence and project review with Apollo and this process is still ongoing and nearing completion. However, to ensure that ...