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Almaden Announces Completion of Rock Creek Mill Sale and Repayment of Gold Loan with Almadex
Globenewswire· 2025-07-11 16:48
Core Viewpoint - Almaden Minerals Ltd. has successfully completed the sale of the Rock Creek Mill assets to Metals Exploration PLC, generating gross proceeds of US$9,700,000 [1] Group 1: Transaction Details - The sale of the Rock Creek Mill resulted in Almaden receiving a Purchase Price of US$9,700,000, with 15% of this amount allocated as a commission to an equipment sales broker [1] - Following the completion of the transaction, Almaden plans to repay an outstanding gold loan to Almadex Minerals Ltd. [2] Group 2: Gold Loan Repayment - The repayment of the gold loan will involve returning an undrawn balance of 397 ounces of gold and delivering gold bullion of 99.99% purity, corresponding to an outstanding loan balance of USD$5,194,354 [2] - The amount of gold bullion for the repayment will be determined based on the prevailing London Bullion Market Association AM gold price at the time of settlement [2]
Almaden Announces Early Repayment of Gold Loan with Almadex
Globenewswire· 2025-05-22 11:30
VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF) announces that it has notified Almadex Minerals Ltd. (“Almadex”) of the early repayment of the outstanding gold loan pursuant to the secured gold loan agreement, as amended (“Gold Loan”), between Almaden and Almadex (see press releases dated June 27, 2024 and May 14, 2019). Under the terms of the Gold Loan, the “Gold Loan Value” was fixed as of May 13, 2025 and the outstan ...
Almadex Announces Early Repayment of Gold Loan
Globenewswire· 2025-05-22 11:30
VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. (“Almadex” or the “Company”) (TSX-V: “DEX”) announces that Almaden Minerals Ltd. (“Almaden”) has notified the Company of the early repayment of the outstanding gold loan pursuant to the secured gold loan agreement, as amended (“Gold Loan”), between Almaden and the Company (see press releases dated June 27, 2024 and May 14, 2019). Under the terms of the Gold Loan, the “Gold Loan Value” was fixed as of May 13, 2025 and the out ...