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Victoria Gold to take on US$220M debt to fund Eagle project into production

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Victoria Gold to take on US$220M debt to fund Eagle project into production

Victoria Gold Corp. seeks US$220 million in project debt funding for its Eagle gold mine, part of the Dublin Gulch property in Canada's Yukon Territory, through construction and into production.

The company has appointed BNP Paribas as the sole mandated lead arranger for the senior secured debt, it said Jan. 24.

The facility will have a six-year term and LIBOR-based interest rates, and it is expected to close in the second quarter.