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MNDJF / Mandalay Resources enters credit agreement with Scotiabank for facility of up to $35M

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) said it has entered into a credit agreement with Bank of Nova Scotia for a senior secured revolving credit facility in an aggregate amount of up to $35 million. The initial drawdown will be used to repay the company's existing syndicated facility with HSBC Bank Canada and Macquarie Bank Limited which had $32.6 million outstanding before repayment while the residual proceeds will be used for general corporate and working capital purposes. Read More

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Posted: Dec 2 2022, 07:13

Author Name: Proactive Investors

MNDJF News

By Proactive Investors
May 11, 2023

Mandalay Resources delivers 11th consecutive profitable quarter

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) said it maintained a healthy net cash position and delivered stable results for the first three month

By Proactive Investors
April 18, 2023

Mandalay Resources' new CEO has a plan to ramp up the company's gold production from 1Q figure

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) reported first-quarter gold production that fell short of internal expectations, but the company's n

By Proactive Investors
March 6, 2023

Mandalay Resources names industry veteran Frazer Bourchier as new president and CEO

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) said it has appointed industry veteran Frazer Bourchier to its board of directors to lead the company

By Proactive Investors
February 28, 2023

Mandalay Resources updates on drilling campaigns at Robinson and True Blue Prospects

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) has updated on the drilling campaigns at the Robinson and True Blue Prospects at its Costerfield Oper

By Proactive Investors
February 24, 2023

Mandalay Resources reports improved net cash position and 10th consecutive quarter of profitability

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) has reported financial results for the fourth quarter and year ended December 31, 2022, which highlig

By Proactive Investors
February 21, 2023

Mandalay Resources reveals reserve and resource increase, grade improvement for Björkdal gold mine in Sweden

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) has announced updated Mineral Resources and Reserves (MRMR) estimates for its Björkdal gold mine in S

By PRNewsWire
February 20, 2023

Mandalay Resources Provides Target Release Date for Fourth Quarter and Full-Year 2022 Financial Results and Conference Call

TORONTO , Feb. 20, 2023 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) today announced that its

By Proactive Investors
January 13, 2023

Mandalay Resources says full-year 2022 production was 105,906 saleable gold equivalent ounces

Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF) has said its production for full-year 2022 was 105,906 saleable gold equivalent ounces, while sales r

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