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Guyana Goldfields receives Outstanding Achievement Award
Canadian-owned Guyana Goldfields Inc. has received an Outstanding Achievement
Ongoing construction at the Aurora Project, Region Seven.
Award given for notable corporate development success in the past year.
According to the company, the award was presented at the Mining Journal awards dinner at the Mines and Money conference held on Thursday in London, UK.
“The company received the award for its success in obtaining its project financing requirements in 2014, through the completion of two transactions which resulted in raising total gross proceeds of US$226.5M towards the development and construction of the Aurora Gold Project”.
The company said that the transactions comprise of a US$185M senior secured project finance facility, with a consortium of senior lenders as well as a non-brokered private placement equity offering in the amount of US$41.523M (or Cdn$44.400M).
Scott A. Caldwell, President and CEO said: “We are honoured to be the recipient of this prestigious award which represents the significant achievement of raising funds in a difficult financial environment and reflects the quality of the Aurora asset. We would like to once again, thank all parties involved in these transactions and the dedicated team at GGI”.
The Mining Journal Outstanding Achievement Awards have been established to honour those individuals and organizations, who have made a notable contribution to the industry and who stand out from the crowd.
Guyana Goldfields Inc. is a Canadian based company, focused on the exploration and development of gold deposits in Guyana, South America. It is currently focusing on the construction and development of the Aurora Gold Project scheduled for commercial production in mid-2015. The Aurora Gold Project, in Region Seven, has a total gold resource of 6.54 million ounces in the measured and indicated categories.
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