Congratulations Superior Gold Inc

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Grondal Bruining congratulates Superior Gold Inc. on the closing of a senior secured A$15 million Gold Loan Facility with Auramet. The Gold Loan Facility will be repaid by the delivery of 7,920 ounces over an 18 month period commencing on 30 January 2020 (440 ounces/mth).

Chris Bradbrook, President and CEO of Superior stated that the Gold Loan Facility will significantly enhance Superior's balance sheet and provide Superior with the financial flexibility required to execute its recently announced 5 year plan at the Plutonic Gold underground mine.

The team at Grondal Bruining assisted Superior on the successful completion of the Gold Loan Facility, which is a major step towards Superior's goal of establishing itself as a stable and profitable gold producer capable of maintaining an annual production of at least 100,000 ounces of gold.

 Don’t hesitate to contact Grondal Bruining if you need advice. 

Gary Thomas 

 Managing Principal - Grondal Bruining

Phone: +61 8 6500 4375 | Mobile: +61 414 858 584