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Detour Gold Closes $135M Senior Secured Credit Facility

Detour Gold Corporation (DGC.TO) has successfully closed a $135 million senior secured credit facility, comprised of a $90 million revolving credit facility and a $45 million letter of credit facility. The facility is for a tenor of three years and is available for working capital during the ramp-up period, financial assurance and general corporate purposes.

The facility was jointly arranged by BMO Capital Markets and Canadian Imperial Bank of Commerce and included commitments from Commonwealth Bank of Australia, Royal Bank of Canada and The Toronto-Dominion Bank.

DGC shares gained 26 cents to $19.49 on volume of 947,700.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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