Steppe Gold Ltd.

12:06 PM EST - Steppe Gold Ltd. : Has secured an initial tranche of project financing for its Expansion Project at the ATO Gold Mine with the intention of increasing gold production to 150,000 oz equivalent per annum. The Gold-2 Program financing, facilitated through the Central Bank of Mongolia, was provided by the Trade and Development Bank of Mongolia in the initial amount of MNT 30 billion, approximately $10.5 m U.S.). Steppe Gold Ltd. shares T.STGO are trading up $0.09 at $2.62.