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Premier Gold Mines Limited, a gold producer with assets is Canada, the U.S., and Mexico recently announced credit and financing agreements with Investec Bank plc, and OMF Fund II SO Ltd. and Orion Mine Finance Fund II LP for raising gross proceeds of US$18.2 million. The Investec credit facility, secured by assets related to South Arturo mine, U.S and Mercedes mine, Mexico, will be used for working capital requirements and general corporate purposes. Orion Mine Finance Fund II LP will subscribe for 7 million Common Shares for gross proceeds of C$11.1 million or C$1.58 per Common Share. These funds will be used for the development, construction, and working capital requirements of the South Arturo Mine.
