Financing ·
Osisko Gold Group Inc. announced an amendment to its US$450 million senior secured project loan facility with Appian…
ODVOsisko Gold Group Inc.
Osisko Gold Group Inc. announced an amendment to its US$450 million senior secured project loan facility with Appian Capital Advisory Limited for the Cariboo Gold Project. The amended terms include reduced interest rate margins, improved covenants, and a 12-month extension of the option to settle accrued interest in kind. Appian confirmed satisfaction of key technical conditions precedent related to Lowhee Zone infill drilling and ore sorting programs, removing these hurdles for the US$350 million second draw. The second draw remains subject to remaining construction readiness activities. Osisko Gold Group Inc. is a gold development company focused on developing its Cariboo Gold Project in British Columbia.