Greatland Gold PLC (AIM:GGP, OTC:GRLGF)'s Shaun Day speaks with Proactive's Andrew Scott soon after revealing it's secured up to A$340mln (£200mln) in new funding that it expects will fully fund its 30% share of developing the world-class Havieron gold-copper deposit in Western Australia into production.
He also discusses three 'transformational' board appointments.
GGP has signed a commitment letter, including a terms sheet, for a A$220mln, seven-year debt facility with Australia and New Zealand Banking Group (ASX:ANZ), HSBC Bank, and ING Bank (Australia).
It also announced a proposed strategic equity investment of up to A$120mln from Wyloo Metals, a privately owned metals company, that would see the Perth-based group becoming Greatland’s biggest shareholder with a stake of about 8.6%.