By Joe Hoppe
Amaroq Minerals says it has slightly increased the size of its debt financing, first disclosed in late March, to $50.9 million from $49.5 million.
The Greenland-focused mine developer said late Friday it continues to finalize the terms and conditions. The increase in the package reflects an increase in convertible notes, from $21 million to $22.4 million, with all other amounts the same.
Amaroq had said in March it will use the funds to accelerate production and cash-flow generation at its Nalunaq gold-development project in Greenland.
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