Spanish Mountain Gold Announces Closing of First Tranche of Royalty Financing and Receipt of US$22.5 Million
· Financial Post
VANCOUVER, British Columbia -- Spanish Mountain Gold Ltd. (the "Company" or "Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce that it has closed the first tranche of its previously announced royalty sale (the “Royalty Financing”) to Wheaton Precious Metals Corp. (“Wheaton”). As part of the first tranche closing, the Company received US $22.5 million from Wheaton. A further US$32.5 million is available to the Company under the terms of the Royalty Financing following the satisfaction of certain conditions precedent. Read More
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