
Sign up to save your podcasts
Or


Heliostar Metals and CEO Charles Funk have announced a $20 million debt facility to finance the construction of a decline for the Ana Puala project. This debt facility allows the company to advance the project with minimal equity dilution. The facility has a 10% interest rate and requires the company to give up the economics on a portion of the gold produced from a bulk sample. This financing option provides a more favorable outcome compared to raising equity or entering into a long-term NSR agreement.
By Trevor Hall4.6
9090 ratings
Heliostar Metals and CEO Charles Funk have announced a $20 million debt facility to finance the construction of a decline for the Ana Puala project. This debt facility allows the company to advance the project with minimal equity dilution. The facility has a 10% interest rate and requires the company to give up the economics on a portion of the gold produced from a bulk sample. This financing option provides a more favorable outcome compared to raising equity or entering into a long-term NSR agreement.

3,069 Listeners

150 Listeners

140 Listeners

408 Listeners

360 Listeners

262 Listeners

23 Listeners

94 Listeners

1,336 Listeners

374 Listeners

69 Listeners

272 Listeners

416 Listeners

70 Listeners

157 Listeners