11:43 AM EST - Amerigo Resources Ltd. : has received approval from a bank syndicate consisting of Mandated Lead Arrangers Banco Bilbao Vizcaya Argentaria and Export Development Canada for a loan facility to MVC, the Company's Chilean operating subsidiary, for funding of up to $64.4 million for construction and approximately $9 million for an associated "IVA" (value added tax) loan in Chilean pesos to be used in phase 1 of the expansion of MVC's operations for the processing of higher grade tailings from the Cauquenes deposit.
Amerigo Resources Ltd.
shares T.ARG are trading unchanged at $0.34.
