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More information on $17.6 million Gowest Gold deal

from Timmins Today

Gowest Gold of Timmins has announced it has signed a non-binding loan agreement with Pandion Mine Finance for $17.6 million to complete its advanced exploration work at its Bradshaw Gold Deposit just north of Timmins. "We are very pleased that Pandion has recognized the serious potential that Bradshaw affords their investors," said Greg Romain, president of Gowest Gold. The financing still requires the undertaking of due diligence by Pandion and the negotiation of and execution of what is know as a prepaid forward gold purchase agreement and other documentation of security. more

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