Emerald Resources to provide a US$60m facility for the Okvau Gold Project

Company News

by Rachael Jones

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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.