Gold explorer and developer Emerald Resources NL
(ASX:EMR) has entered into an investment committee approved term sheet with global asset manager Sprott to provide a US$60 million facility towards the financing of the Okvau Gold Project.
Sprott has also offered access to an additional facility of up to US$100 million, Acquisition and Development Facility, to fund future project development and acquisition opportunities identified by Emerald and agreed with Sprott.
Emerald is excited to work with Sprott with the aim of creating a multi asset gold producing company.
Shares in Emerald Resources NL
(ASX:EMR) are trading 7.5 per cent higher at 4.2 cents.
