Western Gold Resources Enters Agreement for AU$3 Million Loan

MT Newswires Live

08/04

Western Gold Resources (ASX:WGR) entered an agreement to receive an AU$3 million loan from professional and sophisticated investors to support drilling at the Gold Duke project in Western Australia, according to a Monday filing with the Australian bourse.

The loan will mature in 12 months and carries an interest of 15% per annum, the filing said.

Shares of the company rose past 1% in recent Monday trade.

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