Australian gold mining company, Troy Resources Limited yesterday announced that it had entered into a gold loan facility of 5,200 ounces with Asian Investment Management Services Ltd (AIMS), a Malaysian based investment fund (Facility).
A release from the company said that the Facility provides for a gold loan of 5,200 gold ounces available in one or more tranches as required by the Company.
The Facility has a term of twelve months and is secured by a general security interest over the Company’s assets. The Facility has been drawn down with gross proceeds of USD$8.07 million received.