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Sabina Gold & Silver Completes US$20 Million Credit Facility to Finance the Goose Gold Mine Project


On August 27, 2021, Sabina Gold & Silver Corp. entered into an initial debt agreement for project financing for its Goose Mine on its 100%-owned Back River Gold Project with, inter alios, Sprott Resource Lending Corp. and Sprott Private Resource Lending II (Collector), LP. The initial debt agreement provides for a secured single-advance US$20 million term credit facility that will accrue interest at a fixed rate of 5.25% with the principal and capitalized interest due in full any time before or on the earlier of the maturity date and the closing date of certain non-equity financings.

Cassels acted for Sabina Gold & Silver Corp.

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