Mining junior Marlin Gold has secured a lower interest rate on a loan from its principal shareholder Wexford Capital, and increased the facility from $3-million to $35-million in order to lift Marlin’s ownership of project developer Golden Reign Resources from 18.3% to 19.9%.
TSX-V-listed Marlin on Wednesday reported that its controlling shareholder had agreed to drop the coupon rate on its loan facility from 15% to 8%, and also to extend the maturity by one year to January 15, 2018.
