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Steppe Gold announces US$65 million in project finance and working capital debt facility to fast track phase 2 construction

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Steppe Gold Ltd.

On November 10, 2021, Steppe Gold Ltd. (“Steppe”), announced that it had entered into a US$65 million project finance and working capital debt facility with the Central Bank of Mongolia and the Trade and Development Bank of Mongolia. The loans will be used by Steppe to fast track its phase two construction of the ATO Gold Mine, cementing Steppe’s position as Mongolia’s premier precious metals group.

Fasken advised Steppe with respect to Canadian legal matters with a team including Michael Boehm, Scott Sangster, Sarah Gingrich, Janet Howard, Payton Holliss, Gabriel Lam and Paul Burbank.



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