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Thor Explorations fully financed through to first gold at its flagship Segilola project in Nigeria

Thor Explorations Ltd's (CVE:THX) Segun Lawson updates Proactive's Andrew Scott on developments at its Segilola gold project in Nigeria. He says the majority of the financing's come from the Africa Finance Corporation - including senior debt, equity and a prepayment on a portion of the gold. ''We're now fully funded through to production ... it's transformational for us and the economics are even more attractive for us at today's gold price''.

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Price: 0.18 CAD

TSX-V:THX
Market: TSX-V
Market Cap: $98.22 m
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Thor Explorations secures US$78 million financing package for Segilola gold...

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...

on 15/4/19

2 min read