The credit facility, arranged through Deak International Trading, is conditional on the results of a technical audit by Deak’s independent consultants confirming a final cash flow and mine plan.
Radisson is also required to have $1.5 million in working capital. President Guy Bourassa reports existing working capital of $600,000.
The credit facility is being negotiated by Duquesne Gold Mines, a wholly-owned subsidiary of Radisson.
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