He says 'it's very significant particularly in these Covid-19 times when everyone has been trying to close things from a virtual perspective'.
The funds from the ING Facility are being used to retire all project debt maturing in 2020. This debt was secured over the assets of, and shares in, Hellyer, the company's tailings reprocessing project in Tasmania, Australia.
He goes on to say 'it streamlines our structure very significantly and adds a lot of extra net revenue to our bottom line'.
Mentioning the Beaconsfield Gold Project, he says 'we are in the mood to get it pouring gold as soon as possible'.