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Article: Apollo Gold Provides Update on Project Financing Facility for the Black Fox Project.
- Article from:
- Business Wire
- Article date:
- February 13, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DENVER -- Apollo Gold Corporation ("Apollo" or the "Company") (TSX: APG) (AMEX: AGT) wishes to provide an update respecting the senior project facility agreement relating to its 100% owned Black Fox project ("Black Fox Project") located near Timmins, Ontario, Canada.
As previously announced (see Apollo press release dated December 11, 2008), Apollo retained Macquarie Bank Ltd. ("Macquarie") and RMB Resources Inc. ("RMB") as joint arrangers and underwriters (the "Banks") for the Black Fox Project finance facility ("Project Facility"). On December 10, 2008, Apollo and the Banks completed a US $15 million bridge facility ("Bridge Facility") to ensure that ...