| Home : August 2011 : August 17, 2011 News : Detour Gold Obtains US$40 Million Financing for Mining Fleet |
Detour Gold Obtains US$40 Million Financing for Mining Fleet |
August 17, 2011
TORONTO, ONTARIO--(Marketwire - Aug. 16, 2011) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has executed a term sheet with Caterpillar Financial Services Limited ("Cat Financial"), pursuant to which Cat Financial has agreed to underwrite an additional mining fleet lease facility of approximately US$40 million to fund the Company's acquisition of additional Caterpillar mobile fleet equipment including two rope shovels (the "Mobile Equipment") for the Detour Lake gold project in northeastern Ontario. The additional US$40 million financing (the "Additional Facility") is in addition to the previously announced US$105 million mobile fleet equipment financing provided by Cat Financial.
http://www.marketwire.com/mw/release.do?id=1550329&sourceType=3
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