The West African gold producers’ common shares are expected to commence trading on the TSX at the market open on 30 March 2017 under the new symbol ROXG.
“Graduating to the TSX represents an opportunity for improved liquidity and access to a diverse shareholder base globally,” comments Roxgold president and CEO, John Dorward.
“The TSX is the premier stock exchange for mining companies and we are pleased to have reached this milestone,” he adds.
[quote]In January 2017 Roxgold obtained a flexible credit facility for Yaramoko gold mine after it successfully completed the lenders’ completion test for a cost overrun facility and made a repayment of U$15 million under its $75 million credit facility.
The gold miner has also amended the initial facility with BNP Paribas and Societé Generalé Corporate & Investment Banking in order to reduce borrowing costs and obtain more financial flexibility.
Roxgold confirmed that the Yaramoko gold mine successfully passed the lenders’ completion test, which encompasses a number of key performance and financial metrics including reserve grade reconciliation, plant throughput, metal recoveries and operating costs.
As a result of passing the completion test, the $15 million cost overrun facility required under the initial facility was released.
Feature image credit: Roxgold
(A gold pour at Yaramoko gold mine)