Deal structure, tranches and offtake terms

1911 Gold (TSXV: AUMB) announced last week that it raised US$30 million secured credit facility with Auramet International. President and CEO Shaun Heinrichs was interviewed by Michael McCrae for Mining Stock Daily. Heinrich said the facility provides the necessary funding to advance the restart plan for the True North Mine outlined in 1911's recently-released preliminary economic assessment. During the discussion, Heinrichs detailed plans to use the capital for purchasing essential mining equipment, conducting underground development at the True North mine, and installing a new crushing circuit.