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Sihayo Gold: Secures further interim funding | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

Sihayo Gold: Secures further interim funding

By Steve Sam

January 20, 2022

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