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Junior tees up US$10m loan to start mining in Mexico

First Mexican Gold Corp (TSXV:FMG) hopes to reward its “long suffering” shareholders and is organising to secure up to US$10 million to take its Guadalupe gold-silver project in Mexico into production after a previous funding arrangement fell through.

Staff reporter
Drilling at the Karen Zone

Drilling at the Karen Zone

First Mexican has entered the new arrangement to secure a loan with Isatis Capital Group of Montreal. The contemplated credit facility would have an interest rate of 8% and the option to convert to...

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