https://www.miningweekly.com

Navaho gets funding aid from shareholder

12th March 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior explorer Navaho Gold has accepted A$500 000 in funding support from its major shareholder DGR Global.

The financial support replicates a similar arrangement struck some 12 months ago, and would allow Navaho to continue to meet all of its corporate and project expenses, the company said.

The funding arrangement would be unsecured, but would attract interest at a rate charged by bankers on any overdraft accommodation for an amount of A$100 000 or more, and would be capitalised and only repayable when repaid.

Navaho was currently progressing its Argentinean coal and Australian gas assets.

Edited by Creamer Media Reporter

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