| Home : March 2015 : March 20, 2015 News : Amerigo Secures Cauquenes Bank Financing Without Dilution to Shareholders |
Amerigo Secures Cauquenes Bank Financing Without Dilution to Shareholders |
March 20, 2015
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 19, 2015) - Amerigo Resources Ltd. (TSX:ARG) ("Amerigo" or the "Company") announced today that the Company has received approval from a bank syndicate consisting of Mandated Lead Arrangers Banco Bilbao Vizcaya Argentaria ("BBVA") and Export Development Canada ("EDC") for a loan facility (the "Bank Facility") to MVC, the Company's Chilean operating subsidiary, for funding of up to $64.4 million for construction and approximately $9 million for an associated "IVA" (value added tax) loan in Chilean pesos to be used in phase 1 of the expansion of MVC's operations for the processing of higher grade tailings from the Cauquenes deposit.
http://www.marketwired.com/mw/release.do?id=2001886&sourceType=3
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