NexGold Mining Corp. has successfully closed a financing deal with Appian Capital Advisory Limited for a 2.9% net smelter returns royalty on its Goldboro Gold Project, securing US$24 million in cash. The company used part of the proceeds to pay off a US$12 million credit facility and buy back a 0.6% net smelter return royalty. NexGold also terminated a corporate awareness and marketing agreement with Quantum Ventures Inc. The Royalty is applicable up to 1,250,000 ounces of gold or gold equivalent and can be repurchased by GGM for US$29M within three years. Appian has the right to negotiate up to 50% participation in project financing and the first right to purchase additional royalty interests on the Project within three years. NexGold is a gold-focused company with assets in Canada and Alaska, committed to inclusive dialogue with regional communities and Indigenous Nations. Appian Capital Advisory Ltd is the investment advisor to private capital funds investing in metals, mining, and related industries, with a global team of experienced professionals.

Read more at GlobeNewswire: NexGold Announces Closing of US$24 Million Royalty