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Rubicon secures CPP loan for Red Lake mine build

from Northern Ontario Business

Rubicon Minerals has secured a $50 million loan from the Canada Pension Plan Investment Board to help finish development of its gold mine in Red Lake. The Toronto miner announced that it had entered into a financing agreement with CPPIB Credit Investments, a subsidiary of Canada Pension Plan Investment Board. The proceeds are earmarked for its Phoenix Gold Project during the ramp-up period and toward commercial production this year. more

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