09:54 AM EST - Teranga Gold Corporation : announced that it has entered into a $50-million Equipment Finance Facility with Macquarie Bank Limited. The Equipment Facility replaces, in its entirety, the equipment lease facility that had previously been in place with Societé Generalé, which was assigned and novated to Macquarie. The use of proceeds will be put towards additional equipment for the Sabodala pit as well as the new equipment required for the Gora deposit that is currently being permitted. The Loan Facility bears interest of LIBOR plus a margin of 7.5% and is re-payable in equal installments over 24 months from drawdown, with an availability period expiring on March 31, 2014. Teranga Gold Corporation
shares T.TGZ are trading up $0.01 at $1.12.
