Sihayo Gold: Secures further interim funding

Sihayo Gold Secures further interim funding

• Sihayo Gold (SIH) has secured interim funding from its shareholder, PT Saratoga Investama Sedaya Tbk
• The company agreed to fund US$500,000 (A$695,000) to SihayoGold, at an interest rate of 10 per cent per annum
• The new funding follows an interim grant totalling US$1.2 million (A$1.6 million) from the company’s largest shareholder, Provident Minerals, paid in two tranches
• The funding from both shareholders will be used by Sihayo to continue its exploration activities at Hutabargot Julu and optimisation studies on the Sihayo Starter Project
• SihayoGold finished the day in the grey at 0.8 cents