RE:MKO - closes $15m loan for completing mine.Key= Without further equity dilution, without pledging security on compnay assets and without restricting future retrun of capital to shareholders!
No other Junior miner could have pulled this financing package off at this stage of development......Fantastic news and shows the continued benfit of wexford source of very cheap capital
"Specifically, the Loan is expected to provide the funds necessary to complete construction of the mine without further equity dilution, without having to pledge security on the Company’s assets or restrict the return of capital to investors when the mine is able to support dividends and/or share buybacks.”