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Thor Explorations secures US$78 million financing package for Segilola gold project

Segun Lawson, president and CEO of Thor Explorations Ltd (CVE:THX), discusses with Proactive London's Andrew Scott a term sheet that's been agreed for a US$78 million financing package to advance its Segilola gold project in Nigeria.

The agreed terms are with the Africa Finance Corporation (AFC) for the construction and ramp-up of the 100%-owned project, following the definitive feasibility study which was published in February.

Quick facts: Thor Explorations Ltd.

Price: 0.15 CAD

TSX-V:THX
Market: TSX-V
Market Cap: $55.6 m
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Thor Explorations' Gillman: amount of visible gold indicates "something...

Thor Explorations Ltd's Alfred Gillman tells Proactive that the company has concluded the first part of its DFS drilling workstream for the current year, and that the amount of visible gold from the drill cores is one of the more exciting aspects of the Segilola project. He adds that the...

on 23/5/18

2 min read