Breakwater Resources (TSE) has purchased the equivalent of US$9.2 million in Honduran sovereign debt at a substantial discount to face value.
The company says it then exchanged the debt for Honduran currency with the Central Reserve Bank of Honduras.
The funds will be used to develop the Nacional deposit at the company’s El Mochito zinc-lead-silver project in Honduras. Breakwater expects to begin production in the third quarter.
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